Valeo Financial Advisors LLC Trims Stake in Starbucks Corporation $SBUX

Valeo Financial Advisors LLC lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 46.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,545 shares of the coffee company’s stock after selling 28,580 shares during the period. Valeo Financial Advisors LLC’s holdings in Starbucks were worth $3,074,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new position in Starbucks in the second quarter worth $25,000. Transce3nd LLC boosted its holdings in shares of Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Chelsea Counsel Co. purchased a new stake in shares of Starbucks in the 2nd quarter worth about $26,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Starbucks in the 2nd quarter worth about $28,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.1%

NASDAQ:SBUX opened at $85.40 on Tuesday. The stock has a market cap of $97.11 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 1.74 and a beta of 0.98. The company’s 50 day moving average price is $84.06 and its 200-day moving average price is $87.69. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The firm had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Starbucks’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. Starbucks’s dividend payout ratio (DPR) is 151.22%.

Analyst Ratings Changes

Several research firms recently commented on SBUX. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. TD Cowen reissued a “hold” rating and issued a $84.00 price target on shares of Starbucks in a research report on Monday, December 1st. BTIG Research reaffirmed a “buy” rating and set a $105.00 price objective on shares of Starbucks in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada set a $100.00 price objective on Starbucks and gave the company an “outperform” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

Insider Buying and Selling

In other Starbucks news, Director Jorgen Vig Knudstorp bought 11,700 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director owned 53,096 shares in the company, valued at $4,513,160. This represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

About Starbucks

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.