ROI Financial Advisors LLC Sells 1,034 Shares of Starbucks Co. (NASDAQ:SBUX)

ROI Financial Advisors LLC reduced its holdings in Starbucks Co. (NASDAQ:SBUX) by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,259 shares of the coffee company’s stock after selling 1,034 shares during the quarter. ROI Financial Advisors LLC’s holdings in Starbucks were worth $206,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter worth approximately $25,000. Graney & King LLC purchased a new position in Starbucks in the 4th quarter worth approximately $26,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter worth $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 7.0 %

SBUX opened at $82.10 on Friday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The company has a market cap of $93.26 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a fifty day simple moving average of $105.32 and a two-hundred day simple moving average of $99.36.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $0.90 earnings per share. On average, analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.97%. Starbucks’s dividend payout ratio is currently 78.71%.

Analysts Set New Price Targets

A number of research firms recently commented on SBUX. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday, March 18th. UBS Group raised their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus boosted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

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.