Consolidated Portfolio Review Corp Has $257,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Consolidated Portfolio Review Corp cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,680 shares of the coffee company’s stock after selling 118 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Starbucks were worth $257,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Freedom Wealth Alliance LLC bought a new stake in Starbucks in the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after buying an additional 300 shares during the last quarter. Atticus Wealth Management LLC lifted its stake in shares of Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 200 shares during the period. First Capital Advisors Group LLC. acquired a new stake in Starbucks during the second quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Starbucks during the first quarter valued at about $37,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the sale, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,000 shares of company stock valued at $375,665 over the last ninety days. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SBUX. Citigroup reduced their price objective on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday. BTIG Research decreased their price target on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Wells Fargo & Company reissued an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a report on Monday, April 1st. HSBC assumed coverage on shares of Starbucks in a report on Wednesday, December 20th. They set a “hold” rating and a $107.00 price objective for the company. Finally, Morgan Stanley dropped their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus price target of $107.71.

Starbucks Price Performance

Shares of Starbucks stock opened at $84.92 on Monday. The firm has a 50 day simple moving average of $91.86 and a 200 day simple moving average of $94.61. Starbucks Co. has a fifty-two week low of $84.29 and a fifty-two week high of $115.48. The firm has a market cap of $96.15 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.36 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that Starbucks Co. will post 4.05 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is 60.96%.

Starbucks 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.