Starbucks Co. (NASDAQ:SBUX) Shares Sold by Compton Wealth Advisory Group LLC

Compton Wealth Advisory Group LLC cut its stake in Starbucks Co. (NASDAQ:SBUX) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,844 shares of the coffee company’s stock after selling 1,174 shares during the quarter. Compton Wealth Advisory Group LLC’s holdings in Starbucks were worth $898,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in Starbucks in the 2nd quarter valued at $25,000. Fairfield Financial Advisors LTD acquired a new position in Starbucks in the 2nd quarter valued at about $41,000. DT Investment Partners LLC grew its position in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of Starbucks in the 3rd quarter valued at about $49,000. Finally, Friedenthal Financial purchased a new position in shares of Starbucks in the 3rd quarter valued at about $50,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Stifel Nicolaus lifted their price objective on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America decreased their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic restated 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

Starbucks Stock Down 0.6 %

NASDAQ:SBUX traded down $0.56 during trading hours on Monday, reaching $91.69. 2,745,195 shares of the stock were exchanged, compared to its average volume of 6,218,747. The firm has a 50 day simple moving average of $96.13 and a 200-day simple moving average of $91.13. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The stock has a market capitalization of $103.96 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. As a group, analysts expect that Starbucks Co. will post 3.11 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. Investors of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is 73.72%.

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.