Starbucks Co. (NASDAQ:SBUX) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC reduced its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,363 shares of the coffee company’s stock after selling 264 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Starbucks were worth $307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the 4th quarter worth about $25,000. DT Investment Partners LLC boosted its position in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the 3rd quarter valued at about $49,000. Friedenthal Financial purchased a new position in Starbucks during the 3rd quarter worth approximately $50,000. Finally, Hager Investment Management Services LLC acquired a new position in Starbucks during the fourth quarter worth approximately $56,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $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 the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBUX. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup raised their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Bank of America dropped their price objective 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. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Trading Down 0.5 %

SBUX stock opened at $111.70 on Friday. The company has a market cap of $126.88 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.40 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.42. The company’s 50-day moving average price is $96.73 and its 200 day moving average price is $94.20.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the company earned $0.90 EPS. On average, equities research analysts expect that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

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.