OneDigital Investment Advisors LLC Reduces Stock Position in Starbucks Co. (NASDAQ:SBUX)

OneDigital Investment Advisors LLC trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,223 shares of the coffee company’s stock after selling 6,180 shares during the period. OneDigital Investment Advisors LLC’s holdings in Starbucks were worth $3,944,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $25,000. Graney & King LLC purchased a new position in shares of Starbucks during the 4th quarter worth $26,000. Collier Financial acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks in the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks in the fourth quarter valued at $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SBUX has been the topic of a number of research analyst reports. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group raised their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Citigroup dropped their price target on shares of Starbucks from $100.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Finally, Wells Fargo & Company dropped their price objective on Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Starbucks Stock Performance

Shares of SBUX opened at $81.75 on Wednesday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a 50-day moving average price of $97.97 and a 200 day moving average price of $98.06. The company has a market capitalization of $92.86 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.98%. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

About Starbucks

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.