Starbucks Co. (NASDAQ:SBUX) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 31.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,290 shares of the coffee company’s stock after selling 25,165 shares during the period. LVM Capital Management Ltd. MI’s holdings in Starbucks were worth $4,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ORG Partners LLC raised its position in Starbucks by 12.2% in the 4th quarter. ORG Partners LLC now owns 1,864 shares of the coffee company’s stock valued at $170,000 after purchasing an additional 202 shares in the last quarter. InvesTrust purchased a new position in Starbucks in the fourth quarter worth approximately $5,907,000. Range Financial Group LLC lifted its stake in Starbucks by 37.6% in the fourth quarter. Range Financial Group LLC now owns 6,143 shares of the coffee company’s stock worth $561,000 after acquiring an additional 1,680 shares during the last quarter. Diversified Trust Co grew its holdings in Starbucks by 3.8% during the 4th quarter. Diversified Trust Co now owns 10,544 shares of the coffee company’s stock worth $962,000 after acquiring an additional 383 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. increased its position in shares of Starbucks by 37.3% in the 4th quarter. ShankerValleau Wealth Advisors Inc. now owns 3,679 shares of the coffee company’s stock valued at $336,000 after purchasing an additional 1,000 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.2 %

Shares of SBUX traded down $0.23 during trading hours on Friday, reaching $92.37. The company had a trading volume of 2,998,316 shares, compared to its average volume of 6,336,797. The company has a market capitalization of $104.73 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.86 and a beta of 0.99. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The firm has a 50 day simple moving average of $96.26 and a 200-day simple moving average of $90.88.

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

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Analysts Set New Price Targets

A number of brokerages recently commented on SBUX. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Morgan Stanley upped their price objective on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.98% of the company’s stock.

Starbucks Company 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.