Milestone Asset Management LLC Has $369,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Milestone Asset Management LLC decreased its position in Starbucks Co. (NASDAQ:SBUX) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,038 shares of the coffee company’s stock after selling 391 shares during the quarter. Milestone Asset Management LLC’s holdings in Starbucks were worth $369,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in Starbucks during the second quarter worth approximately $25,000. DT Investment Partners LLC raised its stake in Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Starbucks during the third quarter worth about $49,000. Friedenthal Financial acquired a new stake in Starbucks during the third quarter worth about $50,000. Finally, Capital Performance Advisors LLP bought a new position in Starbucks in the 3rd quarter valued at about $71,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush upped their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America decreased their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday. Finally, Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $105.52.

Starbucks Stock Up 0.4 %

SBUX stock opened at $109.00 on Friday. The firm has a market cap of $123.81 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 3.47 and a beta of 0.99. The company’s fifty day simple moving average is $95.90 and its 200 day simple moving average is $93.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $110.34.

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 44.30% and a net margin of 9.73%. During the same period in the prior year, the company earned $0.90 earnings per share. Research analysts expect that Starbucks Co. will post 3 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. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.98% of the company’s stock.

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.