CHICAGO TRUST Co NA Has $800,000 Stake in Starbucks Co. (NASDAQ:SBUX)

CHICAGO TRUST Co NA reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,764 shares of the coffee company’s stock after selling 824 shares during the period. CHICAGO TRUST Co NA’s holdings in Starbucks were worth $800,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SBUX. Strategic Investment Solutions Inc. IL bought a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. Fairfield Financial Advisors LTD acquired a new position in Starbucks during the second quarter worth $41,000. DT Investment Partners LLC increased its stake in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Starbucks during the 3rd quarter worth about $49,000. Finally, Friedenthal Financial acquired a new position in shares of Starbucks during the 3rd quarter worth about $50,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Trading Up 1.4 %

Shares of SBUX stock opened at $93.51 on Tuesday. The stock has a 50 day simple moving average of $96.06 and a 200 day simple moving average of $91.24. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $103.32. The stock has a market cap of $106.02 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Analysts forecast that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is presently 73.72%.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s 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 transaction, 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 Securities & Exchange Commission, which is available at this link. 1.98% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SBUX. Wells Fargo & Company lifted their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their price objective on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wedbush decreased their target price on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada began coverage on shares of Starbucks in a research report on Friday, November 15th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

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.