Starbucks Co. (SBUX) Holdings Lessened by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,225 shares of the coffee company’s stock after selling 1,751 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Starbucks were worth $2,075,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Standard Life Aberdeen plc raised its stake in Starbucks by 5.4% in the third quarter. Standard Life Aberdeen plc now owns 653,570 shares of the coffee company’s stock worth $37,153,000 after buying an additional 33,573 shares in the last quarter. CI Global Investments Inc. raised its stake in Starbucks by 1.3% in the third quarter. CI Global Investments Inc. now owns 120,363 shares of the coffee company’s stock worth $6,841,000 after buying an additional 1,523 shares in the last quarter. Middleton & Co Inc MA raised its stake in Starbucks by 1.3% in the third quarter. Middleton & Co Inc MA now owns 142,998 shares of the coffee company’s stock worth $8,128,000 after buying an additional 1,768 shares in the last quarter. Taylor Hoffman Wealth Management raised its stake in Starbucks by 83.8% in the third quarter. Taylor Hoffman Wealth Management now owns 3,437 shares of the coffee company’s stock worth $195,000 after buying an additional 1,567 shares in the last quarter. Finally, Godsey & Gibb Associates raised its stake in Starbucks by 5.9% in the third quarter. Godsey & Gibb Associates now owns 258,055 shares of the coffee company’s stock worth $14,668,000 after buying an additional 14,439 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

SBUX has been the subject of a number of recent research reports. BidaskClub raised shares of Starbucks from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 17th. Wells Fargo & Co boosted their price objective on shares of Starbucks from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. ValuEngine raised shares of Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Telsey Advisory Group boosted their price objective on shares of Starbucks from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Finally, Piper Jaffray Companies boosted their price objective on shares of Starbucks from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $67.01.

Shares of SBUX traded up $0.32 during trading hours on Tuesday, reaching $70.31. 1,255,325 shares of the company traded hands, compared to its average volume of 12,567,545. The firm has a market capitalization of $86.74 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.41 and a quick ratio of 1.16. Starbucks Co. has a 12-month low of $47.37 and a 12-month high of $70.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.49 billion. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, research analysts anticipate that Starbucks Co. will post 2.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, February 6th. Starbucks’s dividend payout ratio (DPR) is presently 59.50%.

In other news, EVP Vivek C. Varma sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $69.13, for a total transaction of $3,456,500.00. Following the sale, the executive vice president now directly owns 117,640 shares of the company’s stock, valued at $8,132,453.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Culver sold 169,096 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $68.81, for a total transaction of $11,635,495.76. The disclosure for this sale can be found here. Insiders have sold 444,972 shares of company stock worth $30,358,876 over the last three months. Corporate insiders own 3.98% of the company’s stock.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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