2,584 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,584 shares of the coffee company’s stock, valued at approximately $236,000.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. DT Investment Partners LLC increased its position in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Starbucks in the third quarter valued at $49,000. Friedenthal Financial purchased a new stake in shares of Starbucks during the 3rd quarter worth about $50,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Starbucks during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 1.5 %

NASDAQ SBUX opened at $112.25 on Thursday. The stock’s 50-day moving average price is $96.73 and its two-hundred day moving average price is $94.20. The company has a market cap of $127.50 billion, a PE ratio of 36.21, a PEG ratio of 3.40 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $112.42.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business earned $0.90 earnings per share. Research analysts forecast that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Announces Dividend

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 issued 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 2.17%. Starbucks’s dividend payout ratio is currently 78.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SBUX. Bank of America dropped their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BTIG Research lifted 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. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price target on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

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.