Starbucks Co. (NASDAQ:SBUX) Shares Sold by Texas Capital Bancshares Inc TX

Texas Capital Bancshares Inc TX lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,362 shares of the coffee company’s stock after selling 9,115 shares during the period. Starbucks comprises 1.4% of Texas Capital Bancshares Inc TX’s holdings, making the stock its 10th largest holding. Texas Capital Bancshares Inc TX’s holdings in Starbucks were worth $3,592,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Starbucks during the fourth quarter worth about $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks in the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $30,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SBUX shares. BMO Capital Markets lifted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Robert W. Baird restated a “neutral” rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.12.

Starbucks Trading Down 4.6 %

Shares of Starbucks stock opened at $84.60 on Friday. The company has a market cap of $96.10 billion, a P/E ratio of 27.29, a PEG ratio of 3.59 and a beta of 1.00. The business has a 50-day moving average price of $102.66 and a two-hundred day moving average price of $98.85. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the company earned $0.90 earnings per share. Equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 16th. Starbucks’s payout ratio is 78.71%.

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.