Vista Capital Partners Inc. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,853 shares of the coffee company’s stock after selling 867 shares during the period. Starbucks comprises approximately 0.2% of Vista Capital Partners Inc.’s holdings, making the stock its 10th largest position. Vista Capital Partners Inc.’s holdings in Starbucks were worth $1,083,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of SBUX. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Starbucks during the 3rd quarter valued at about $111,000. Jacobi Capital Management LLC raised its position in shares of Starbucks by 6.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after buying an additional 129 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Starbucks by 2.8% during the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after buying an additional 57 shares in the last quarter. Horan Capital Advisors LLC. purchased a new stake in shares of Starbucks during the 3rd quarter valued at about $131,000. Finally, Stonehearth Capital Management LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $142,000. 73.63% of the stock is owned by hedge funds and other institutional investors.
In other Starbucks news, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the transaction, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clifford Burrows sold 162,826 shares of Starbucks stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the completion of the transaction, the insider now directly owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Company insiders own 3.48% of the company’s stock.
Starbucks Co. (NASDAQ:SBUX) opened at $59.05 on Wednesday. The stock has a market cap of $83,000.00, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.62 and a beta of 0.67. Starbucks Co. has a fifty-two week low of $52.58 and a fifty-two week high of $64.87. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company posted $0.52 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. sell-side analysts expect that Starbucks Co. will post 2.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.03%. Starbucks’s dividend payout ratio (DPR) is presently 38.34%.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.