LVW Advisors LLC Trims Stake in Starbucks Co. (NASDAQ:SBUX)

LVW Advisors LLC reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 12.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,483 shares of the coffee company’s stock after selling 351 shares during the quarter. LVW Advisors LLC’s holdings in Starbucks were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vima LLC purchased a new position in Starbucks during the 4th quarter worth $26,000. Scarborough Advisors LLC purchased a new position in shares of Starbucks in the 4th quarter valued at $26,000. DSM Capital Partners LLC purchased a new position in shares of Starbucks in the 4th quarter valued at $27,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 300 shares during the period. Finally, Fairman Group LLC purchased a new position in shares of Starbucks in the 4th quarter valued at $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at approximately $5,234,480. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock valued at $878,893 over the last quarter. 1.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $81.00 price target on shares of Starbucks in a report on Friday. HSBC cut their price target on Starbucks from $107.00 to $84.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. TD Cowen restated a “hold” rating and set a $85.00 target price on shares of Starbucks in a research note on Thursday, June 13th. William Blair downgraded Starbucks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 1st. Finally, BTIG Research lowered their price target on Starbucks from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus price target of $94.54.

Starbucks Stock Down 1.8 %

NASDAQ:SBUX opened at $77.85 on Monday. The stock’s fifty day moving average is $79.66 and its two-hundred day moving average is $87.95. Starbucks Co. has a 52 week low of $71.80 and a 52 week high of $107.66. The stock has a market capitalization of $88.18 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts expect that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, August 16th. Starbucks’s payout ratio is currently 62.81%.

About Starbucks

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.