Deane Retirement Strategies Inc. Has $2.76 Million Position in Starbucks Co. (NASDAQ:SBUX)

Deane Retirement Strategies Inc. boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 13,875.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,790 shares of the coffee company's stock after purchasing an additional 28,584 shares during the period. Starbucks makes up about 1.5% of Deane Retirement Strategies Inc.'s portfolio, making the stock its 22nd biggest position. Deane Retirement Strategies Inc.'s holdings in Starbucks were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Metis Global Partners LLC boosted its holdings in shares of Starbucks by 15.4% in the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company's stock valued at $5,197,000 after acquiring an additional 7,619 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Starbucks by 60.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company's stock valued at $864,000 after purchasing an additional 3,570 shares during the period. Motco lifted its stake in shares of Starbucks by 1.1% in the 3rd quarter. Motco now owns 74,829 shares of the coffee company's stock valued at $6,830,000 after purchasing an additional 811 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $1,348,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Starbucks in the 3rd quarter valued at $524,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Starbucks stock traded down $0.11 during midday trading on Thursday, reaching $91.39. The company's stock had a trading volume of 6,481,499 shares, compared to its average volume of 8,584,698. Starbucks Co. has a fifty-two week low of $89.21 and a fifty-two week high of $115.48. The stock's 50 day simple moving average is $93.04 and its 200 day simple moving average is $95.17. The firm has a market capitalization of $103.47 billion, a PE ratio of 24.48, a P/E/G ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the firm earned $0.75 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that Starbucks Co. will post 4.06 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's dividend payout ratio (DPR) is 60.96%.

Insider Buying and Selling at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 4,000 shares of company stock worth $375,665 in the last 90 days. 1.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SBUX has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Starbucks from $107.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, January 19th. Gordon Haskett lowered shares of Starbucks from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a report on Tuesday, January 16th. Wedbush reissued a "neutral" rating and issued a $95.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. TD Cowen reaffirmed a "market perform" rating and set a $102.00 target price on shares of Starbucks in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Starbucks from $107.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, March 19th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of "Hold" and an average target price of $110.05.

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.