Montag A & Associates Inc. Has $2.74 Million Position in Starbucks Co. (NASDAQ:SBUX)

Montag A & Associates Inc. increased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 57.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,511 shares of the coffee company's stock after purchasing an additional 10,365 shares during the period. Montag A & Associates Inc.'s holdings in Starbucks were worth $2,737,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its stake in shares of Starbucks by 3.0% in the third quarter. Chicago Partners Investment Group LLC now owns 17,123 shares of the coffee company's stock valued at $1,613,000 after acquiring an additional 492 shares during the last quarter. Gratus Capital LLC grew its holdings in shares of Starbucks by 9.3% during the third quarter. Gratus Capital LLC now owns 4,282 shares of the coffee company's stock worth $391,000 after purchasing an additional 365 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in shares of Starbucks by 4.0% in the third quarter. AustralianSuper Pty Ltd now owns 47,915 shares of the coffee company's stock valued at $4,373,000 after buying an additional 1,864 shares in the last quarter. TIAA Trust National Association acquired a new position in Starbucks during the 3rd quarter worth about $5,538,000. Finally, Flossbach Von Storch AG increased its position in Starbucks by 16.3% in the 3rd quarter. Flossbach Von Storch AG now owns 30,935 shares of the coffee company's stock valued at $2,823,000 after acquiring an additional 4,343 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ SBUX traded up $2.18 on Thursday, reaching $75.68. The company had a trading volume of 18,574,353 shares, compared to its average volume of 9,977,913. The company's fifty day moving average is $87.64 and its 200-day moving average is $93.39. Starbucks Co. has a 1-year low of $71.80 and a 1-year high of $108.11. The firm has a market capitalization of $85.72 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that Starbucks Co. will post 3.63 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's dividend payout ratio (DPR) is currently 62.81%.

Analysts Set New Price Targets

SBUX has been the topic of several research analyst reports. HSBC decreased their price target on shares of Starbucks from $107.00 to $84.00 and set a "hold" rating on the stock in a research note on Friday, May 3rd. Oppenheimer reaffirmed a "market perform" rating on shares of Starbucks in a research note on Friday, April 19th. BMO Capital Markets dropped their price objective on Starbucks from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, January 31st. Piper Sandler reduced their target price on shares of Starbucks from $88.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, William Blair downgraded shares of Starbucks from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.43.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 7,250 shares of company stock worth $651,738. Insiders own 1.98% of the company's stock.

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.

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