Focus Financial Network Inc. Has $872,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Focus Financial Network Inc. decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,554 shares of the coffee company’s stock after selling 1,944 shares during the period. Focus Financial Network Inc.’s holdings in Starbucks were worth $872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SBUX. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter worth approximately $25,000. DT Investment Partners LLC raised its position in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Starbucks during the 3rd quarter worth $49,000. Friedenthal Financial bought a new position in Starbucks in the 3rd quarter valued at $50,000. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $56,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.8 %

Shares of SBUX stock opened at $113.04 on Thursday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $113.19. The firm has a fifty day moving average of $97.51 and a 200-day moving average of $95.37. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, equities analysts expect that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. BTIG Research lifted their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. TD Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, Citigroup lifted their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Company 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.