Fox Run Management L.L.C. Decreases Stock Position in Starbucks Co. (NASDAQ:SBUX)

Fox Run Management L.L.C. lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUXFree Report) by 15.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,278 shares of the coffee company’s stock after selling 1,154 shares during the period. Fox Run Management L.L.C.’s holdings in Starbucks were worth $573,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BCK Partners Inc. bought a new stake in Starbucks during the 1st quarter valued at approximately $2,640,000. American Century Companies Inc. boosted its position in shares of Starbucks by 7.3% in the 1st quarter. American Century Companies Inc. now owns 27,634 shares of the coffee company’s stock worth $2,514,000 after purchasing an additional 1,872 shares in the last quarter. Roundview Capital LLC boosted its position in shares of Starbucks by 37.5% in the 1st quarter. Roundview Capital LLC now owns 7,152 shares of the coffee company’s stock worth $651,000 after purchasing an additional 1,952 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Starbucks in the 1st quarter valued at approximately $198,000. Finally, Mather Group LLC. lifted its position in Starbucks by 77.5% in the 1st quarter. Mather Group LLC. now owns 6,912 shares of the coffee company’s stock valued at $629,000 after acquiring an additional 3,017 shares in the last quarter. Hedge funds and other institutional investors own 70.13% of the company’s stock.

Starbucks Stock Up 0.3 %

Shares of NASDAQ:SBUX opened at $94.08 on Wednesday. The firm has a 50 day moving average of $95.81 and a 200 day moving average of $96.96. The company has a market capitalization of $106.52 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. Starbucks Co. has a 52 week low of $89.21 and a 52 week high of $115.48.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 48.79% and a net margin of 11.47%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, sell-side analysts expect that Starbucks Co. will post 4.1 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, February 8th. Starbucks’s dividend payout ratio (DPR) is presently 63.69%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SBUX. BTIG Research lowered their price target on Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a report on Wednesday. Citigroup raised their target price on Starbucks from $102.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Tuesday, January 16th. Finally, William Blair reissued an “outperform” rating on shares of Starbucks in a report on Monday, November 6th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.23.

Check Out Our Latest Analysis on Starbucks

Insider Activity

In other Starbucks news, EVP Sara Kelly sold 250 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $104.45, for a total value of $26,112.50. Following the sale, the executive vice president now directly owns 47,532 shares of the company’s stock, valued at $4,964,717.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Sara Kelly sold 250 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $104.45, for a total transaction of $26,112.50. Following the completion of the transaction, the executive vice president now owns 47,532 shares in the company, valued at approximately $4,964,717.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Aaron Conway sold 6,500 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $104.77, for a total transaction of $681,005.00. Following the transaction, the insider now owns 72,822 shares of the company’s stock, valued at approximately $7,629,560.94. The disclosure for this sale can be found here. Insiders have sold 7,754 shares of company stock valued at $807,565 over the last ninety days. 1.98% of the stock is currently owned by insiders.

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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