Starbucks Co. (NASDAQ:SBUX) Shares Bought by Olistico Wealth LLC

Olistico Wealth LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 193.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 789 shares of the coffee company’s stock after acquiring an additional 520 shares during the period. Olistico Wealth LLC’s holdings in Starbucks were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in Starbucks during the second quarter worth about $25,000. DT Investment Partners LLC increased its holdings in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Starbucks during the 3rd quarter valued at approximately $49,000. Friedenthal Financial acquired a new position in Starbucks in the third quarter valued at approximately $50,000. Finally, Capital Performance Advisors LLP purchased a new position in Starbucks in the third quarter worth approximately $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada started coverage on Starbucks in a research note on Friday, November 15th. They issued an “outperform” rating and a $115.00 price target on the stock. Stifel Nicolaus increased their target price on shares of Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.92.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.3 %

Shares of SBUX stock opened at $97.73 on Thursday. The company has a market cap of $110.81 billion, a P/E ratio of 29.53, a PEG ratio of 2.92 and a beta of 0.99. The firm has a fifty day moving average price of $95.72 and a 200 day moving average price of $92.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the firm posted $1.06 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that Starbucks Co. will post 3.09 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.50%. Starbucks’s payout ratio is currently 73.72%.

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.