Starbucks Co. (NASDAQ:SBUX) Shares Sold by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 895 shares of the coffee company’s stock after selling 200 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in Starbucks were worth $82,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SBUX. Financial Life Planners purchased a new position in shares of Starbucks in the 4th quarter valued at $25,000. Collier Financial purchased a new position in shares of Starbucks in the 4th quarter valued at $27,000. DT Investment Partners LLC raised its stake in shares of 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 during the period. FSA Wealth Management LLC purchased a new position in shares of Starbucks in the 3rd quarter valued at $49,000. Finally, Friedenthal Financial purchased a new position in shares of Starbucks in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $113.00 on Friday. Starbucks Co. has a one year low of $71.55 and a one year high of $113.40. The company has a 50-day simple moving average of $97.76 and a 200-day simple moving average of $95.49. The firm has a market capitalization of $128.36 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.90 earnings per share. Equities analysts forecast that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 2.16%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Analysts Set New Price Targets

SBUX has been the topic of a number of research reports. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

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.