GPS Wealth Strategies Group LLC Sells 227 Shares of Starbucks Co. (NASDAQ:SBUX)

GPS Wealth Strategies Group LLC decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,333 shares of the coffee company’s stock after selling 227 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Starbucks were worth $213,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Czech National Bank grew its holdings in Starbucks by 6.9% during the 3rd quarter. Czech National Bank now owns 230,845 shares of the coffee company’s stock valued at $22,505,000 after buying an additional 14,999 shares in the last quarter. GAMMA Investing LLC increased its position in Starbucks by 19.0% in the third quarter. GAMMA Investing LLC now owns 15,105 shares of the coffee company’s stock worth $1,473,000 after purchasing an additional 2,417 shares during the last quarter. Everpar Advisors LLC raised its stake in Starbucks by 10.9% during the third quarter. Everpar Advisors LLC now owns 5,014 shares of the coffee company’s stock valued at $489,000 after purchasing an additional 494 shares in the last quarter. Smith Anglin Financial LLC lifted its position in Starbucks by 7.4% during the third quarter. Smith Anglin Financial LLC now owns 2,772 shares of the coffee company’s stock valued at $270,000 after purchasing an additional 190 shares during the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in shares of Starbucks by 2.3% in the 3rd quarter. Chemistry Wealth Management LLC now owns 8,901 shares of the coffee company’s stock worth $868,000 after buying an additional 198 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. TD Cowen reaffirmed a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Stifel Nicolaus boosted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Price Performance

Shares of Starbucks stock opened at $107.68 on Monday. The stock has a market cap of $122.31 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 3.40 and a beta of 1.00. The firm’s 50-day moving average is $96.19 and its two-hundred day moving average is $93.48. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $110.34.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, equities analysts expect that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared 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 2.27%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’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 owns 65,648 shares in the company, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company insiders.

About Starbucks

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.