ShankerValleau Wealth Advisors Inc. Buys 1,000 Shares of Starbucks Co. (NASDAQ:SBUX)

ShankerValleau Wealth Advisors Inc. raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 37.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,679 shares of the coffee company’s stock after purchasing an additional 1,000 shares during the quarter. Starbucks makes up approximately 0.1% of ShankerValleau Wealth Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. ShankerValleau Wealth Advisors Inc.’s holdings in Starbucks were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its position in shares of Starbucks by 1.0% in the 2nd quarter. New York Life Investment Management LLC now owns 172,681 shares of the coffee company’s stock worth $13,443,000 after acquiring an additional 1,746 shares in the last quarter. Advisor OS LLC increased its holdings in Starbucks by 20.6% in the second quarter. Advisor OS LLC now owns 10,418 shares of the coffee company’s stock worth $811,000 after purchasing an additional 1,781 shares in the last quarter. Umpqua Bank lifted its stake in Starbucks by 4.6% in the second quarter. Umpqua Bank now owns 13,116 shares of the coffee company’s stock valued at $1,021,000 after buying an additional 574 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Starbucks during the 2nd quarter worth approximately $4,633,000. Finally, Acadian Asset Management LLC grew its position in shares of Starbucks by 377.3% during the 2nd quarter. Acadian Asset Management LLC now owns 31,982 shares of the coffee company’s stock worth $2,488,000 after buying an additional 25,281 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of Starbucks stock traded up $0.55 on Monday, reaching $93.13. 6,739,517 shares of the company traded hands, compared to its average volume of 6,783,039. The company has a 50 day moving average of $96.65 and a 200 day moving average of $90.67. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The firm has a market capitalization of $105.59 billion, a PE ratio of 28.14, a PEG ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. As a group, analysts anticipate that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. Starbucks’s payout ratio is 73.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SBUX shares. TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Stifel Nicolaus upped their price target on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wedbush reduced their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group lowered Starbucks from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Finally, Bank of America reduced their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $103.77.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.98% of the company’s stock.

Starbucks 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.