Tempus Wealth Planning LLC Has $268,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Tempus Wealth Planning LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the coffee company’s stock after selling 197 shares during the period. Tempus Wealth Planning LLC’s holdings in Starbucks were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. DT Investment Partners LLC increased its position in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC bought a new position in Starbucks during the 3rd quarter worth approximately $49,000. Friedenthal Financial acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $71,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 2.3 %

Shares of SBUX opened at $110.60 on Wednesday. The stock has a 50 day moving average of $96.31 and a 200 day moving average of $93.85. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $111.07. The company has a market capitalization of $125.63 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.40 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the business posted $0.90 EPS. As a group, equities research analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is currently 78.71%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Morgan Stanley boosted their price objective on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup raised their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Starbucks Company 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.