SFE Investment Counsel Decreases Position in Starbucks Co. (SBUX)

Paterniano Del Favero
Mag 9, 2017

(NASDAQ:SBUX) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX.

Pacifica Capital Investments Llc holds 14.99% of its portfolio in Starbucks Corporation for 543,526 shares.

The coffee chain's move to over triple the number of products it sells under the rewards program comes following consumer backlash after Starbucks overhauled an existing program last year.Companies have been tweaking their rewards programs in recent years to make them less-generous to consumers.Seattle-based Starbucks, which launched its rewards program in 2009, made changes to it last year, which irked some consumers and caused a furor on social media. Finally, Conning Inc. boosted its position in shares of Starbucks by 1.5% in the third quarter. JFS Wealth Advisors LLC boosted its position in Starbucks by 0.3% in the third quarter. Brighton Jones LLC now owns 110,906 shares of the coffee company's stock valued at $6,004,000 after buying an additional 6,646 shares during the last quarter.

Central Bank & Trust Co increased Facebook Inc (NASDAQ:FB) stake by 6,611 shares to 17,508 valued at $2.01M in 2016Q4. BRADLEY WILLIAM W sold $6.15M worth of stock. Following the sale, the director now directly owns 34,000 shares in the company, valued at $2,054,620.

Shares of Starbucks Co.

On the last trading day, Starbucks Corporation (SBUX) gained 0.2% closing at the price of $60.95 while the previous close of SBUX was $60.83. Starbucks Corporation has a 52-week low of 50.84 and a 52-week high of 61.94. The 20 day simple moving average is 2.24% and the 200 day simple moving average is 8.26%.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 EPS for the quarter, meeting the Zacks' consensus estimate of $0.45.

In the trailing 12 months period, return on assets ratio of the Company was 21.00% and return on equity ratio was 51.50% while its return on investment ratio was 29.50%. SBUX generated revenue of $0 in the same quarter, one year ago. The business's revenue for the quarter was up 7.3% compared to the same quarter a year ago.

29 analysts on average are expecting Starbucks Corporation to report earnings of $0.45 per share for the current quarter.

The company's strategy of expanding its revenue base through opening new stores is working. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Starbucks's dividend payout ratio (DPR) is presently 51.28%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by [[site]] and is owned by of [[site]]. If you are viewing this piece on another publication, it was stolen and republished in violation of United States and global copyright law. The original version of this story can be accessed at [[permalink]]. Starbucks Corporation had 30 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Hold" rating by Zacks on Monday, August 24. The stock has a consensus rating of Buy and an average target price of $64.28. Credit Suisse Group AG restated a neutral rating and set a $55.00 price objective on shares of Starbucks in a research note on Monday, January 30th. Oppenheimer Holdings Inc. reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Starbucks in a report on Thursday, April 20th. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock has "Outperform" rating by Wedbush on Friday, July 22. 5,868 shares valued at $324,114 were sold by Ramo Joshua Cooper on Tuesday, January 31. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. The short ratio in the company's stock is documented at 2.15 and the short float is around of 1.43%. The stars earned for these purchases can be redeemed for coffee, food and merchandise at Starbucks cafes. The Company's Americas, CAP, and EMEA segments include both company-operated and licensed stores.

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