Starbucks Co. (SBUX) Shares Sold by New Mexico Educational Retirement Board

Share on StockTwits

New Mexico Educational Retirement Board decreased its position in Starbucks Co. (NASDAQ:SBUX) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,448 shares of the coffee company’s stock after selling 2,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Starbucks were worth $7,690,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Kistler Tiffany Companies LLC boosted its stake in Starbucks by 1.5% in the 1st quarter. Kistler Tiffany Companies LLC now owns 9,461 shares of the coffee company’s stock worth $703,000 after purchasing an additional 142 shares during the period. Orrstown Financial Services Inc. boosted its stake in Starbucks by 1.2% in the 1st quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock worth $955,000 after purchasing an additional 147 shares during the period. Gardiner Nancy B boosted its stake in Starbucks by 2.8% in the 4th quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock worth $367,000 after purchasing an additional 156 shares during the period. Old North State Trust LLC boosted its stake in Starbucks by 20.6% in the 1st quarter. Old North State Trust LLC now owns 991 shares of the coffee company’s stock worth $73,000 after purchasing an additional 169 shares during the period. Finally, Tiemann Investment Advisors LLC boosted its stake in Starbucks by 3.5% in the 4th quarter. Tiemann Investment Advisors LLC now owns 5,160 shares of the coffee company’s stock worth $332,000 after purchasing an additional 175 shares during the period. 73.44% of the stock is owned by institutional investors.

Shares of SBUX stock opened at $77.47 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.16 and a debt-to-equity ratio of 7.73. The stock has a market capitalization of $96.40 billion, a PE ratio of 32.01, a PEG ratio of 2.18 and a beta of 0.51. Starbucks Co. has a 52-week low of $47.37 and a 52-week high of $78.15.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Starbucks had a net margin of 11.87% and a return on equity of 443.38%. Starbucks’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. As a group, equities analysts forecast that Starbucks Co. will post 2.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Starbucks’s payout ratio is 59.50%.

Several brokerages have commented on SBUX. Oppenheimer boosted their price target on shares of Starbucks from $72.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Wedbush reissued a “hold” rating and set a $70.00 price target on shares of Starbucks in a research report on Thursday, April 18th. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Monday, January 28th. BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. Finally, Piper Jaffray Companies boosted their price target on shares of Starbucks from $70.00 to $77.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.65.

In other news, EVP Vivek C. Varma sold 50,470 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $69.39, for a total value of $3,502,113.30. Following the sale, the executive vice president now directly owns 118,110 shares of the company’s stock, valued at approximately $8,195,652.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Culver sold 169,096 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $68.81, for a total transaction of $11,635,495.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 339,930 shares of company stock worth $23,523,107. 3.98% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Starbucks Co. (SBUX) Shares Sold by New Mexico Educational Retirement Board” was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://weekherald.com/2019/05/03/starbucks-co-sbux-shares-sold-by-new-mexico-educational-retirement-board.html.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Further Reading: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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.