Wealthcare Advisory Partners LLC Sells 444 Shares of Starbucks Co. (NASDAQ:SBUX)

Wealthcare Advisory Partners LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,163 shares of the coffee company’s stock after selling 444 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Starbucks were worth $784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Orca Investment Management LLC grew its position in shares of Starbucks by 6.6% in the 4th quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock valued at $719,000 after purchasing an additional 466 shares during the period. Cerity Partners LLC lifted its stake in Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after acquiring an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC boosted its position in Starbucks by 15.4% during the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after acquiring an additional 7,619 shares during the last quarter. FFT Wealth Management LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $209,000. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $794,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $73.50 on Thursday. The stock has a market capitalization of $83.25 billion, a P/E ratio of 20.25, a PEG ratio of 1.58 and a beta of 0.97. The stock’s fifty day moving average is $88.03 and its 200 day moving average is $93.53. Starbucks Co. has a 52 week low of $71.80 and a 52 week high of $108.11.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate 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%. Starbucks’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities research analysts forecast that Starbucks Co. will post 3.63 earnings per share for the current year.

Starbucks Announces Dividend

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 issued a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.10%. Starbucks’s dividend payout ratio (DPR) is currently 62.81%.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated 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 in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 7,250 shares of company stock worth $651,738 in the last ninety days. 1.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Morgan Stanley decreased their price objective on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Guggenheim dropped their target price on Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Citigroup reduced their price target on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their price target on Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus price target of $96.43.

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.