Kestra Private Wealth Services LLC increased its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,551 shares of the coffee company's stock after acquiring an additional 22,040 shares during the period. Kestra Private Wealth Services LLC's holdings in Starbucks were worth $13,590,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Willow Creek Wealth Management Inc. lifted its stake in shares of Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company's stock worth $302,000 after purchasing an additional 97 shares during the period. Valley Brook Capital Group Inc. raised its position in Starbucks by 2.4% in the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company's stock worth $383,000 after acquiring an additional 100 shares during the period. Charles Schwab Investment Advisory Inc. boosted its stake in shares of Starbucks by 4.6% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company's stock worth $206,000 after acquiring an additional 100 shares during the last quarter. Herold Advisors Inc. grew its position in shares of Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company's stock valued at $221,000 after acquiring an additional 100 shares during the period. Finally, Rodgers Brothers Inc. increased its stake in shares of Starbucks by 1.2% in the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company's stock worth $755,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.
Starbucks Price Performance
Shares of Starbucks stock traded up $0.08 during trading hours on Monday, reaching $88.33. The company's stock had a trading volume of 8,519,671 shares, compared to its average volume of 8,378,088. Starbucks Co. has a one year low of $84.29 and a one year high of $115.48. The firm has a 50 day moving average price of $90.27 and a 200-day moving average price of $94.27. The stock has a market cap of $100.01 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.48 and a beta of 0.98.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion for the quarter, compared to analysts' expectations of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 3.99 EPS for the current fiscal year.
Starbucks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's dividend payout ratio is currently 60.96%.
Insider Transactions at Starbucks
In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have issued reports on the company. Gordon Haskett lowered Starbucks from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a report on Tuesday, January 16th. BMO Capital Markets decreased their target price on shares of Starbucks from $125.00 to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 31st. Robert W. Baird dropped their price target on shares of Starbucks from $106.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, March 18th. Oppenheimer restated a "market perform" rating on shares of Starbucks in a research report on Friday, April 19th. Finally, Stephens restated an "equal weight" rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of "Hold" and a consensus price target of $106.55.
Read Our Latest Analysis on SBUX
About Starbucks
(
Free Report)
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.
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