Bristlecone Advisors LLC Sells 143 Shares of Starbucks Co. (NASDAQ:SBUX)

Bristlecone Advisors LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,484 shares of the coffee company’s stock after selling 143 shares during the quarter. Bristlecone Advisors LLC’s holdings in Starbucks were worth $6,888,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Soltis Investment Advisors LLC raised its holdings in shares of Starbucks by 62.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 13,064 shares of the coffee company’s stock worth $1,192,000 after buying an additional 5,017 shares during the last quarter. RAM Investment Partners LLC boosted its stake in shares of Starbucks by 59.2% during the 4th quarter. RAM Investment Partners LLC now owns 3,319 shares of the coffee company’s stock worth $303,000 after acquiring an additional 1,234 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Starbucks by 11.7% in the fourth quarter. Angeles Wealth Management LLC now owns 3,236 shares of the coffee company’s stock valued at $295,000 after buying an additional 338 shares in the last quarter. Martin Capital Advisors LLP lifted its position in shares of Starbucks by 2.4% during the 4th quarter. Martin Capital Advisors LLP now owns 33,109 shares of the coffee company’s stock valued at $3,021,000 after buying an additional 790 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth about $354,000. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Starbucks Stock Up 0.4 %

SBUX stock opened at $112.20 on Monday. The business has a fifty day simple moving average of $97.12 and a 200-day simple moving average of $94.70. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62. The company has a market cap of $127.45 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business earned $0.90 EPS. As a group, analysts expect that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SBUX shares. Bank of America lowered their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. 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. BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.33.

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.