Starbucks Co. (NASDAQ:SBUX) Stake Lessened by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in Starbucks Co. (NASDAQ:SBUX) by 46.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,221 shares of the coffee company’s stock after selling 13,290 shares during the quarter. Montag A & Associates Inc.’s holdings in Starbucks were worth $1,391,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vima LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Starbucks during the 4th quarter worth $26,000. DSM Capital Partners LLC bought a new position in shares of Starbucks during the 4th quarter valued at $27,000. Fairman Group LLC bought a new position in shares of Starbucks during the 4th quarter valued at $30,000. Finally, Cypress Capital Management LLC WY lifted its stake in shares of Starbucks by 133.1% in the 4th quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SBUX. Jefferies Financial Group cut their target price on Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Guggenheim reduced their target price on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group lowered their price target on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $81.00 target price on shares of Starbucks in a research note on Friday, June 28th. Seventeen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.75.

Starbucks Price Performance

Shares of SBUX traded down $1.32 during midday trading on Monday, hitting $73.51. The stock had a trading volume of 4,118,076 shares, compared to its average volume of 10,331,187. The firm has a market cap of $83.26 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.64 and a beta of 0.94. The company has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $86.47. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Analysts forecast that Starbucks Co. will post 3.58 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio is currently 62.81%.

Insider Buying and Selling

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 7,500 shares of company stock worth $601,375. Corporate insiders own 1.98% of the company’s stock.

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.