JT Stratford LLC Has $371,000 Stake in Starbucks Co. (NASDAQ:SBUX)

by · The Cerbat Gem

JT Stratford LLC trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX – Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,068 shares of the coffee company’s stock after selling 227 shares during the period. JT Stratford LLC’s holdings in Starbucks were worth $371,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at $58,000. Castleark Management LLC boosted its position in Starbucks by 3.4% during the 4th quarter. Castleark Management LLC now owns 231,760 shares of the coffee company’s stock worth $21,148,000 after acquiring an additional 7,660 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Starbucks by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 216,993 shares of the coffee company’s stock valued at $19,801,000 after acquiring an additional 28,000 shares in the last quarter. Financial Avengers Inc. increased its holdings in shares of Starbucks by 0.8% in the 4th quarter. Financial Avengers Inc. now owns 42,086 shares of the coffee company’s stock valued at $3,840,000 after purchasing an additional 325 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of Starbucks by 69.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 13,644 shares of the coffee company’s stock valued at $1,245,000 after purchasing an additional 5,614 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 1.2%

NASDAQ:SBUX opened at $83.97 on Friday. The firm has a market capitalization of $95.42 billion, a PE ratio of 27.09, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm’s fifty day simple moving average is $87.06 and its 200 day simple moving average is $96.13.

Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s dividend payout ratio is currently 88.41%.

Analyst Ratings Changes

SBUX has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Starbucks in a report on Friday, May 16th. BMO Capital Markets decreased their target price on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. UBS Group lowered their price target on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Barclays cut their price objective on Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.72.

Get Our Latest Research Report on Starbucks

Starbucks Profile

(Free Report)

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.

Read More