Starbucks Co. (NASDAQ:SBUX) Stock Holdings Decreased by CSM Advisors LLC

CSM Advisors LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 70,885 shares of the coffee company’s stock after selling 3,985 shares during the period. CSM Advisors LLC’s holdings in Starbucks were worth $6,468,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SBUX. Invst LLC lifted its stake in Starbucks by 1.9% during the third quarter. Invst LLC now owns 20,767 shares of the coffee company’s stock worth $2,025,000 after purchasing an additional 395 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Starbucks during the third quarter worth $1,352,000. Fulcrum Equity Management raised its holdings in shares of Starbucks by 38.8% during the third quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company’s stock worth $402,000 after purchasing an additional 1,151 shares during the period. Sculati Wealth Management LLC lifted its position in shares of Starbucks by 15.1% in the 3rd quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company’s stock worth $940,000 after buying an additional 1,350 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of Starbucks by 1,941.0% in the 3rd quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company’s stock valued at $6,950,000 after buying an additional 67,799 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 1.3 %

Shares of NASDAQ SBUX opened at $81.75 on Wednesday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a 50-day moving average of $97.97 and a two-hundred day moving average of $98.06. The company has a market capitalization of $92.86 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th 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 2.98%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SBUX shares. Citigroup cut their target price on shares of Starbucks from $100.00 to $88.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Baird R W downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Robert W. Baird reiterated a “neutral” rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Finally, Stifel Nicolaus reduced their price target on shares of Starbucks from $114.00 to $103.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.00.

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.