Hudson Valley Investment Advisors Inc. ADV Sells 2,692 Shares of Starbucks Co. (NASDAQ:SBUX)

Hudson Valley Investment Advisors Inc. ADV trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 65,112 shares of the coffee company’s stock after selling 2,692 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Starbucks were worth $5,941,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Starbucks in the second quarter valued at about $25,000. Fairfield Financial Advisors LTD bought a new position in Starbucks in the 2nd quarter valued at approximately $41,000. DT Investment Partners LLC boosted its position in 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 buying an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in Starbucks during the 3rd quarter worth approximately $49,000. Finally, Friedenthal Financial bought a new stake in Starbucks during the 3rd quarter worth approximately $50,000. 72.29% of the stock is currently owned by institutional investors.

Insider Activity at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.98% of the stock is owned by corporate insiders.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $92.60 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32. The stock has a market cap of $104.99 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The stock has a fifty day moving average of $96.26 and a 200-day moving average of $90.88.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.63%. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Analyst Ratings Changes

SBUX has been the topic of a number of recent research reports. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wells Fargo & Company lifted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Stifel Nicolaus increased their price target on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Morgan Stanley increased their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

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.