Bradley & Co. Private Wealth Management LLC Reduces Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Bradley & Co. Private Wealth Management LLC lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 7.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,130 shares of the coffee company’s stock after selling 1,241 shares during the quarter. Starbucks makes up approximately 1.3% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Starbucks were worth $1,453,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Willow Creek Wealth Management Inc. lifted its holdings in shares of Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after acquiring an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. raised its position in Starbucks by 2.4% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after purchasing an additional 100 shares during the period. Charles Schwab Investment Advisory Inc. lifted its stake in Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after purchasing an additional 100 shares during the last quarter. Herold Advisors Inc. boosted its position in shares of Starbucks by 4.3% during the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares during the period. Finally, Rodgers Brothers Inc. grew its stake in shares of Starbucks by 1.2% during the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after buying an additional 100 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 7,250 shares of company stock valued at $651,738 in the last three months. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Price Performance

Shares of SBUX stock traded down $0.91 during mid-day trading on Thursday, hitting $87.84. 6,824,753 shares of the stock traded hands, compared to its average volume of 8,392,070. The stock’s fifty day moving average is $90.46 and its two-hundred day moving average is $94.30. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The stock has a market cap of $99.45 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.48 and a beta of 0.97.

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

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent analyst reports. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday, January 16th. BTIG Research lowered their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research note 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. Stifel Nicolaus decreased their price objective on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Finally, Robert W. Baird dropped their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Fourteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.68.

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.