Moody National Bank Trust Division Cuts Stock Position in Starbucks Co. (NASDAQ:SBUX)

Moody National Bank Trust Division trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,931 shares of the coffee company’s stock after selling 894 shares during the period. Moody National Bank Trust Division’s holdings in Starbucks were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its holdings in Starbucks by 1.6% in the 4th quarter. Wedmont Private Capital now owns 13,512 shares of the coffee company’s stock worth $1,246,000 after buying an additional 212 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in shares of Starbucks by 5.5% during the fourth quarter. Fragasso Financial Advisors Inc now owns 10,706 shares of the coffee company’s stock worth $977,000 after acquiring an additional 555 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Starbucks by 17.6% in the fourth quarter. Capital Investment Advisors LLC now owns 18,313 shares of the coffee company’s stock worth $1,671,000 after acquiring an additional 2,744 shares in the last quarter. Winthrop Advisory Group LLC boosted its holdings in Starbucks by 25.4% in the fourth quarter. Winthrop Advisory Group LLC now owns 11,159 shares of the coffee company’s stock valued at $1,018,000 after purchasing an additional 2,263 shares during the last quarter. Finally, Clark & Stuart Inc acquired a new stake in Starbucks during the 4th quarter valued at approximately $507,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the sale, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush reduced their price target on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Bank of America cut their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Citigroup increased their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.77.

Starbucks Stock Up 0.7 %

Shares of Starbucks stock traded up $0.62 on Monday, hitting $92.87. 3,827,390 shares of the company traded hands, compared to its average volume of 6,492,735. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The company has a 50-day moving average price of $96.13 and a 200 day moving average price of $91.13. The company has a market cap of $105.30 billion, a PE ratio of 28.06, a PEG ratio of 2.86 and a beta of 0.99.

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 analysts’ consensus estimates of $0.80. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. Starbucks’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. Equities research analysts anticipate that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is currently 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.