Prairie Wealth Advisors Inc. Cuts Stock Position in Starbucks Co. (NASDAQ:SBUX)

Prairie Wealth Advisors Inc. trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,476 shares of the coffee company’s stock after selling 125 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Starbucks were worth $408,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. DT Investment Partners LLC lifted its holdings in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Starbucks in the 3rd quarter valued at approximately $49,000. Friedenthal Financial acquired a new position in shares of Starbucks in the third quarter worth $50,000. Finally, Hager Investment Management Services LLC purchased a new stake in shares of Starbucks during the fourth quarter worth $56,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

SBUX opened at $111.70 on Friday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $112.42. The stock has a market capitalization of $126.88 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.40 and a beta of 1.00. The business has a 50 day simple moving average of $96.73 and a 200-day simple moving average of $94.20.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the company posted $0.90 EPS. Research analysts anticipate that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.18%. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Analyst Ratings Changes

SBUX has been the subject of a number of analyst reports. UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. BTIG Research boosted their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Citigroup raised their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Bank of America dropped their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Morgan Stanley lifted their price target on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.