Starbucks Co. (NASDAQ:SBUX) Stock Holdings Decreased by Bank OZK

Bank OZK lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 7.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,592 shares of the coffee company’s stock after selling 375 shares during the period. Bank OZK’s holdings in Starbucks were worth $441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Willow Creek Wealth Management Inc. grew its position in shares of Starbucks by 3.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. grew its position in shares of Starbucks by 2.4% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after buying an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its position in shares of Starbucks by 4.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after buying an additional 100 shares during the last quarter. Herold Advisors Inc. grew its position in shares of Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares during the last quarter. Finally, Rodgers Brothers Inc. grew its position in shares of Starbucks by 1.2% during the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after buying an additional 100 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.5 %

SBUX stock traded up $0.41 on Friday, hitting $88.25. 7,185,257 shares of the company’s stock traded hands, compared to its average volume of 7,387,159. Starbucks Co. has a 1-year low of $84.29 and a 1-year high of $115.48. The stock has a market cap of $99.92 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.48 and a beta of 0.97. The stock has a fifty day moving average of $90.36 and a 200-day moving average of $94.28.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company 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 2.58%. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Activity at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the company’s 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 approximately $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 7,250 shares of company stock valued at $651,738. Company insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research decreased their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Piper Sandler decreased their target price on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Stephens restated an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Morgan Stanley decreased their target price on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. Fourteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus target price of $106.55.

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.