Moss Adams Wealth Advisors LLC Sells 564 Shares of Starbucks Co. (NASDAQ:SBUX)

Moss Adams Wealth Advisors LLC decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,846 shares of the coffee company’s stock after selling 564 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Starbucks were worth $716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new position in Starbucks during the 2nd quarter worth about $25,000. DT Investment Partners LLC raised its stake in shares of Starbucks by 39.4% in the third 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 acquired a new position in shares of Starbucks during the third quarter worth approximately $49,000. Friedenthal Financial bought a new stake in shares of Starbucks during the third quarter valued at approximately $50,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Starbucks in the third quarter valued at approximately $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $95.13 on Friday. The stock’s 50-day moving average is $95.84 and its 200-day moving average is $91.50. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32. The firm has a market cap of $107.86 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. Equities analysts anticipate that Starbucks Co. will post 3.1 EPS for the current year.

Starbucks Dividend Announcement

The company 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 dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the topic of several research reports. Stifel Nicolaus upped their price objective on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays cut their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group lowered Starbucks from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. UBS Group upped their target price on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Starbucks 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.