Starbucks Co. (NASDAQ:SBUX) Shares Sold by FinTrust Capital Advisors LLC

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FinTrust Capital Advisors LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 11.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,087 shares of the coffee company’s stock after selling 1,749 shares during the period. FinTrust Capital Advisors LLC’s holdings in Starbucks were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC boosted its holdings in Starbucks by 19.8% in the first quarter. FMR LLC now owns 10,424,208 shares of the coffee company’s stock worth $774,936,000 after acquiring an additional 1,720,231 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Starbucks by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,100,583 shares of the coffee company’s stock worth $264,063,000 after purchasing an additional 20,719 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Starbucks by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock worth $278,964,000 after purchasing an additional 2,058,082 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Starbucks by 2.4% in the first quarter. California Public Employees Retirement System now owns 3,141,872 shares of the coffee company’s stock worth $233,567,000 after purchasing an additional 72,485 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Starbucks by 12.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,121,492 shares of the coffee company’s stock worth $232,052,000 after purchasing an additional 350,124 shares during the last quarter. 72.54% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. KeyCorp raised their price objective on Starbucks from $84.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. OTR Global upgraded Starbucks to a “positive” rating in a research note on Tuesday, July 16th. UBS Group raised their price objective on Starbucks from $78.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley raised their price objective on Starbucks from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets raised their price objective on Starbucks to $84.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.53.

In other news, CAO Jill Walker sold 6,492 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $95.70, for a total value of $621,284.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Myron E. Ullman III sold 9,973 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $76.12, for a total value of $759,144.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,801 shares of company stock valued at $6,301,684. 3.98% of the stock is owned by company insiders.

SBUX stock traded up $0.42 during trading on Thursday, hitting $95.34. 352,340 shares of the company traded hands, compared to its average volume of 7,953,828. The stock’s 50-day moving average is $91.38. The firm has a market capitalization of $113.61 billion, a P/E ratio of 39.41, a PEG ratio of 2.62 and a beta of 0.55. Starbucks Co. has a 1 year low of $52.30 and a 1 year high of $99.72.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. Starbucks’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 2.82 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, August 8th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, August 7th. Starbucks’s dividend payout ratio is currently 59.50%.

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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