Tudor Financial Inc. Reduces Stock Position in Starbucks Co. (NASDAQ:SBUX)

Tudor Financial Inc. lessened its position in shares of Starbucks Co. (NASDAQ:SBUX) by 76.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,253 shares of the coffee company’s stock after selling 10,612 shares during the quarter. Tudor Financial Inc.’s holdings in Starbucks were worth $297,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SBUX. Bridges Investment Management Inc. boosted its stake in shares of Starbucks by 21.0% in the second quarter. Bridges Investment Management Inc. now owns 4,312 shares of the coffee company’s stock worth $336,000 after buying an additional 747 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Starbucks by 42.1% in the second quarter. AE Wealth Management LLC now owns 23,099 shares of the coffee company’s stock worth $1,798,000 after buying an additional 6,841 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Starbucks by 0.9% in the second quarter. Pacer Advisors Inc. now owns 134,130 shares of the coffee company’s stock worth $10,442,000 after buying an additional 1,182 shares during the last quarter. Holderness Investments Co. boosted its stake in shares of Starbucks by 8.1% in the second quarter. Holderness Investments Co. now owns 3,748 shares of the coffee company’s stock worth $292,000 after buying an additional 280 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of Starbucks by 8,935.9% in the second quarter. Frank Rimerman Advisors LLC now owns 14,096 shares of the coffee company’s stock worth $1,097,000 after buying an additional 13,940 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SBUX shares. Redburn Atlantic restated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. UBS Group increased their price target on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wedbush lowered their price target on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays lowered their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen reiterated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.92.

Starbucks Stock Performance

NASDAQ:SBUX opened at $95.13 on Tuesday. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32. The stock has a market cap of $107.86 billion, a PE ratio of 28.74, a P/E/G ratio of 2.82 and a beta of 0.99. The stock has a 50 day moving average price of $95.84 and a 200 day moving average price of $91.71.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, analysts predict that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.56%. Starbucks’s payout ratio is 73.72%.

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.