Starbucks Co. (NASDAQ:SBUX) Shares Sold by White Pine Investment CO

22 Jan 2025, 10:50 by Amy Steele · The Cerbat Gem

White Pine Investment CO decreased its holdings in Starbucks Co. (NASDAQ:SBUX – Free Report) by 67.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,905 shares of the coffee company’s stock after selling 26,653 shares during the quarter. White Pine Investment CO’s holdings in Starbucks were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks in the 2nd quarter worth $25,000. DT Investment Partners LLC increased its stake in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Starbucks during the 3rd quarter worth about $49,000. Friedenthal Financial acquired a new stake in Starbucks during the 3rd quarter worth about $50,000. Finally, Capital Performance Advisors LLP purchased a new stake in Starbucks during the third quarter valued at about $71,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Wedbush reduced their target price on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays dropped their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded Starbucks from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Finally, TD Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average price target of $103.92.

Read Our Latest Analysis on SBUX

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on 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. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.98% of the stock is owned by company insiders.

Starbucks Trading Up 3.0 %

NASDAQ SBUX opened at $97.98 on Wednesday. The company has a market cap of $111.09 billion, a P/E ratio of 29.60, a P/E/G ratio of 2.82 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $103.32. The company has a fifty day simple moving average of $95.74 and a 200 day simple moving average of $91.84.

Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the company posted $1.06 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts forecast that Starbucks Co. will post 3.1 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed 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 2.49%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is currently 73.72%.

Starbucks Profile

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