Schwarz Dygos Wheeler Investment Advisors LLC Has $2.48 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Schwarz Dygos Wheeler Investment Advisors LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,776 shares of the coffee company’s stock after selling 160 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Starbucks were worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SBUX. Riggs Asset Managment Co. Inc. increased its position in Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Atticus Wealth Management LLC increased its position in Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $36,000. Financial Connections Group Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $38,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 0.5 %

Shares of NASDAQ:SBUX traded up $0.41 during trading on Friday, hitting $88.25. 7,185,257 shares of the company were exchanged, compared to its average volume of 7,387,159. The business’s 50 day moving average is $90.36 and its 200-day moving average is $94.27. The company has a market capitalization of $99.92 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. Starbucks Co. has a 1-year low of $84.29 and a 1-year high of $115.48.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.58%. Starbucks’s payout ratio is 60.96%.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 7,250 shares of company stock worth $651,738 over the last three months. Company insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SBUX. BMO Capital Markets decreased their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Piper Sandler decreased their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Stifel Nicolaus decreased their target price on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Stephens reaffirmed an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Morgan Stanley cut their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.55.

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.