Nichols & Pratt Advisers LLP MA Sells 510 Shares of Starbucks Co. (NASDAQ:SBUX)

Nichols & Pratt Advisers LLP MA lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,530 shares of the coffee company’s stock after selling 510 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Starbucks were worth $627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flossbach Von Storch AG raised its holdings in Starbucks by 8,677.8% in the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after buying an additional 2,684,470 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Starbucks by 432.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock valued at $195,825,000 after purchasing an additional 1,656,591 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Starbucks during the 3rd quarter valued at approximately $147,125,000. Nordea Investment Management AB increased its position in Starbucks by 44.8% during the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after purchasing an additional 1,591,206 shares during the period. Finally, Cerity Partners LLC increased its position in Starbucks by 481.9% during the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after purchasing an additional 1,281,471 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent analyst reports. Gordon Haskett downgraded shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 16th. Wells Fargo & Company reduced their price objective on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. DZ Bank lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research note on Friday, May 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $96.43.

Starbucks Stock Performance

SBUX traded up $0.28 during mid-day trading on Friday, reaching $75.96. 7,076,475 shares of the stock were exchanged, compared to its average volume of 9,942,492. The company has a 50 day moving average price of $87.25 and a two-hundred day moving average price of $93.27. The stock has a market capitalization of $86.04 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. Starbucks Co. has a 1 year low of $71.80 and a 1 year high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. Starbucks’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. Sell-side analysts expect that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 62.81%.

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.