9,276 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,276 shares of the coffee company's stock, valued at approximately $891,000.

Several other institutional investors have also modified their holdings of SBUX. Flossbach Von Storch AG raised its holdings in Starbucks by 8,677.8% during the fourth quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company's stock worth $260,706,000 after purchasing an additional 2,684,470 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Starbucks in the third quarter valued at approximately $147,125,000. Nordea Investment Management AB grew its position in shares of Starbucks by 44.8% in the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company's stock valued at $493,350,000 after purchasing an additional 1,591,206 shares during the last quarter. Cerity Partners LLC grew its position in shares of Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company's stock valued at $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Starbucks by 32.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,679,621 shares of the coffee company's stock valued at $427,109,000 after purchasing an additional 1,154,020 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of analyst reports. Stephens restated an "equal weight" rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Stifel Nicolaus cut their target price on shares of Starbucks from $102.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, April 11th. Gordon Haskett downgraded shares of Starbucks from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research note on Tuesday, January 16th. Oppenheimer reissued a "market perform" rating on shares of Starbucks in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Starbucks from $107.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, March 19th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $106.55.

Insider Buying and Selling

In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is owned by corporate insiders.

Starbucks Trading Up 0.5 %

Shares of SBUX traded up $0.41 during trading hours on Friday, reaching $88.25. 7,185,257 shares of the company's stock traded hands, compared to its average volume of 7,387,159. The stock has a market cap of $99.92 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The firm's 50 day simple moving average is $90.36 and its 200-day simple moving average is $94.28. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, analysts expect that Starbucks Co. will post 3.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced 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 2.58%. The ex-dividend date is Thursday, May 16th. Starbucks's dividend payout ratio (DPR) is 60.96%.

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.