Motley Fool Asset Management LLC Has $13.36 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Motley Fool Asset Management LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,129 shares of the coffee company’s stock after selling 11,846 shares during the period. Starbucks comprises approximately 1.0% of Motley Fool Asset Management LLC’s portfolio, making the stock its 28th largest position. Motley Fool Asset Management LLC’s holdings in Starbucks were worth $13,358,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Willow Creek Wealth Management Inc. lifted its position in shares of Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares during the period. Valley Brook Capital Group Inc. lifted its position in shares of Starbucks by 2.4% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after acquiring an additional 100 shares during the period. Charles Schwab Investment Advisory Inc. lifted its position in shares of Starbucks by 4.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after acquiring an additional 100 shares during the period. Herold Advisors Inc. lifted its position in shares of Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after acquiring an additional 100 shares during the period. Finally, Rodgers Brothers Inc. lifted its position in shares of Starbucks by 1.2% during the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after acquiring an additional 100 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 1.0 %

Shares of Starbucks stock traded down $0.91 on Thursday, reaching $87.84. The stock had a trading volume of 6,824,753 shares, compared to its average volume of 8,392,070. Starbucks Co. has a 1 year low of $84.29 and a 1 year high of $115.48. The company has a market cap of $99.45 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The business’s 50 day moving average is $90.46 and its two-hundred day moving average is $94.30.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

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

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th. Guggenheim decreased their price target on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Robert W. Baird decreased their price target on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. BMO Capital Markets decreased their price target on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus decreased their price target on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.68.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Profile

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.