Schnieders Capital Management LLC Sells 550 Shares of Starbucks Co. (NASDAQ:SBUX)

Schnieders Capital Management LLC lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,083 shares of the coffee company’s stock after selling 550 shares during the quarter. Schnieders Capital Management LLC’s holdings in Starbucks were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after buying an additional 1,281,471 shares during the period. Metis Global Partners LLC boosted its stake in shares of Starbucks by 15.4% in the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after purchasing an additional 7,619 shares in the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $794,000. Insigneo Advisory Services LLC boosted its stake in shares of Starbucks by 60.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock valued at $864,000 after purchasing an additional 3,570 shares in the last quarter. Finally, Motco lifted its position in Starbucks by 1.1% during the 3rd quarter. Motco now owns 74,829 shares of the coffee company’s stock worth $6,830,000 after buying an additional 811 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SBUX. BMO Capital Markets reduced their price target on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. TD Cowen reaffirmed a “hold” rating and issued a $100.00 price target on shares of Starbucks in a research note on Thursday, April 11th. Wedbush reissued a “neutral” rating and set a $95.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lowered their target price on Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. Finally, Stephens reissued an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.68.

Starbucks Price Performance

SBUX stock traded up $0.88 during midday trading on Wednesday, reaching $88.75. The company had a trading volume of 7,140,503 shares, compared to its average volume of 8,380,888. The company has a market capitalization of $100.48 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. The stock has a 50 day moving average price of $90.68 and a 200-day moving average price of $94.39. Starbucks Co. has a 1-year low of $84.29 and a 1-year high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. As a group, research analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s payout ratio is 60.96%.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 7,000 shares of company stock valued at $629,738. 1.98% of the stock is currently owned by corporate insiders.

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.