Starbucks Co. (NASDAQ:SBUX) Position Increased by HBW Advisory Services LLC

HBW Advisory Services LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 75.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,317 shares of the coffee company’s stock after purchasing an additional 28,994 shares during the period. Starbucks comprises 0.9% of HBW Advisory Services LLC’s portfolio, making the stock its 26th largest holding. HBW Advisory Services LLC’s holdings in Starbucks were worth $6,143,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dakota Wealth Management increased its holdings in Starbucks by 0.5% in the third quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock worth $5,439,000 after buying an additional 300 shares during the last quarter. Weil Company Inc. increased its holdings in Starbucks by 31.2% in the third quarter. Weil Company Inc. now owns 34,580 shares of the coffee company’s stock worth $3,371,000 after buying an additional 8,222 shares during the last quarter. Maia Wealth LLC increased its holdings in Starbucks by 69.1% in the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock worth $1,805,000 after buying an additional 7,596 shares during the last quarter. Aljian Capital Management LLC increased its holdings in Starbucks by 48.5% in the third quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company’s stock worth $2,966,000 after buying an additional 9,936 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its holdings in Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after buying an additional 12,300 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 0.5 %

Starbucks stock traded down $0.45 during mid-day trading on Friday, hitting $92.15. 3,664,757 shares of the company were exchanged, compared to its average volume of 6,474,176. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The company has a market capitalization of $104.48 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The business has a fifty day moving average of $96.26 and a 200 day moving average of $90.88.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.65%. Starbucks’s payout ratio is 73.72%.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the transaction, the chief financial officer now owns 65,648 shares in the company, valued at approximately $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of a number of research reports. Bank of America dropped their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Royal Bank of Canada began coverage on Starbucks in a report on Friday, November 15th. They issued an “outperform” rating and a $115.00 price objective on the stock. Morgan Stanley upped their target price on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, BTIG Research upped their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

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.