Starbucks Co. (NASDAQ:SBUX) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 27.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,097 shares of the coffee company’s stock after selling 807 shares during the quarter. AM Investment Strategies LLC’s holdings in Starbucks were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after acquiring an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Starbucks by 15.4% during the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after acquiring an additional 7,619 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in shares of Starbucks during the 4th quarter valued at about $794,000. Insigneo Advisory Services LLC boosted its position in shares of Starbucks by 60.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock valued at $864,000 after acquiring an additional 3,570 shares during the last quarter. Finally, Motco boosted its position in shares of Starbucks by 1.1% during the 3rd quarter. Motco now owns 74,829 shares of the coffee company’s stock valued at $6,830,000 after acquiring an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBUX. Wedbush reissued a “neutral” rating and set a $95.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research report on Friday, April 19th. Robert W. Baird decreased their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $100.00 target price on shares of Starbucks in a research report on Thursday, April 11th. Fourteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Hold” and an average price target of $106.68.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 7,250 shares of company stock worth $651,738. Company insiders own 1.98% of the company’s stock.

Starbucks Price Performance

Shares of SBUX stock traded down $0.91 during trading hours on Thursday, reaching $87.84. 6,824,753 shares of the stock were exchanged, compared to its average volume of 8,392,070. The business’s fifty day moving average is $90.46 and its two-hundred day moving average is $94.30. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48. The firm has a market capitalization of $99.45 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.48 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that Starbucks Co. will post 3.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.60%. Starbucks’s payout ratio is 60.96%.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.