Starbucks Corporation $SBUX Shares Sold by WoodTrust Financial Corp

WoodTrust Financial Corp lessened its stake in Starbucks Corporation (NASDAQ:SBUX) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,730 shares of the coffee company’s stock after selling 10,419 shares during the period. WoodTrust Financial Corp’s holdings in Starbucks were worth $5,815,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks in the 2nd quarter worth about $25,000. Transce3nd LLC raised its position in Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Chelsea Counsel Co. acquired a new position in Starbucks in the second quarter worth approximately $26,000. MTM Investment Management LLC purchased a new stake in shares of Starbucks during the second quarter valued at $28,000. Finally, PFS Partners LLC raised its holdings in shares of Starbucks by 457.4% during the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $92.99 on Friday. The stock has a market capitalization of $105.74 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. The company’s 50-day moving average price is $86.06 and its two-hundred day moving average price is $87.13. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, February 13th. Starbucks’s payout ratio is currently 151.22%.

Analyst Ratings Changes

A number of brokerages recently commented on SBUX. TD Cowen reaffirmed a “hold” rating and set a $84.00 price objective on shares of Starbucks in a research report on Monday, December 1st. Dbs Bank downgraded Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group set a $94.00 price target on Starbucks and gave the company a “neutral” rating in a report on Tuesday, October 21st. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Zacks Research lowered Starbucks from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average price target of $102.56.

Insider Activity at Starbucks

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

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.