Crow Point Partners LLC Trims Stake in Starbucks Co. (SBUX)

Crow Point Partners LLC trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 77.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,877 shares of the coffee company’s stock after selling 6,614 shares during the quarter. Crow Point Partners LLC’s holdings in Starbucks were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SBUX. Dowling & Yahnke LLC lifted its holdings in shares of Starbucks by 0.4% during the 2nd quarter. Dowling & Yahnke LLC now owns 114,876 shares of the coffee company’s stock valued at $6,698,000 after buying an additional 506 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Starbucks by 17.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 1,968,219 shares of the coffee company’s stock valued at $114,767,000 after buying an additional 298,920 shares during the last quarter. LLBH Private Wealth Management LLC acquired a new stake in shares of Starbucks during the 2nd quarter valued at about $205,000. Riverpark Capital Management LLC lifted its holdings in shares of Starbucks by 15.1% during the 2nd quarter. Riverpark Capital Management LLC now owns 237,541 shares of the coffee company’s stock valued at $13,851,000 after buying an additional 31,209 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Starbucks by 19.5% during the 2nd quarter. Alps Advisors Inc. now owns 11,643 shares of the coffee company’s stock valued at $679,000 after buying an additional 1,899 shares during the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

In other news, Director Myron E. Ullman III sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the completion of the transaction, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,492 shares of company stock valued at $18,859,801. Corporate insiders own 3.48% of the company’s stock.

Several equities research analysts have recently issued reports on SBUX shares. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. OTR Global upgraded Starbucks to a “positive” rating in a report on Thursday, October 26th. Mizuho set a $75.00 price target on Starbucks and gave the company a “buy” rating in a report on Wednesday, November 1st. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 target price for the company. in a report on Thursday, November 2nd. Finally, Credit Suisse Group reduced their target price on Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. Starbucks presently has an average rating of “Buy” and a consensus target price of $64.63.

Starbucks Co. (NASDAQ:SBUX) opened at $55.67 on Wednesday. Starbucks Co. has a 1-year low of $52.58 and a 1-year high of $64.87. The company has a market capitalization of $78,250.00, a P/E ratio of 18.37, a PEG ratio of 1.51 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts anticipate that Starbucks Co. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. Starbucks’s dividend payout ratio (DPR) is presently 39.60%.

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About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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