Robertson Stephens Wealth Management LLC Lowers Stake in Starbucks Co. (NASDAQ:SBUX)

Robertson Stephens Wealth Management LLC lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,945 shares of the coffee company’s stock after selling 6,407 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Starbucks were worth $1,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBUX. Financial Life Planners bought a new stake in Starbucks in the 4th quarter worth $25,000. DT Investment Partners LLC grew its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Starbucks in the 3rd quarter worth $49,000. Friedenthal Financial bought a new stake in Starbucks in the 3rd quarter worth $50,000. Finally, Hager Investment Management Services LLC bought a new stake in Starbucks in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.5 %

SBUX opened at $111.70 on Friday. The firm has a 50 day moving average price of $96.73 and a 200-day moving average price of $94.20. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $112.42. The stock has a market capitalization of $126.88 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.40 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, analysts expect that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.18%. Starbucks’s payout ratio is 78.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wedbush lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup lifted their target price on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

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.