Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Good Life Advisors LLC

Good Life Advisors LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,400 shares of the coffee company’s stock after acquiring an additional 500 shares during the period. Good Life Advisors LLC’s holdings in Starbucks were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Elk River Wealth Management LLC grew its position in Starbucks by 1.3% during the fourth quarter. Elk River Wealth Management LLC now owns 33,560 shares of the coffee company’s stock worth $3,222,000 after buying an additional 440 shares during the period. Altfest L J & Co. Inc. boosted its holdings in shares of Starbucks by 2.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 5,729 shares of the coffee company’s stock valued at $550,000 after purchasing an additional 133 shares during the last quarter. Deane Retirement Strategies Inc. boosted its holdings in shares of Starbucks by 13,875.7% in the 4th quarter. Deane Retirement Strategies Inc. now owns 28,790 shares of the coffee company’s stock valued at $2,764,000 after purchasing an additional 28,584 shares during the last quarter. First National Corp MA ADV acquired a new position in shares of Starbucks in the 4th quarter valued at $210,000. Finally, Planned Solutions Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at $130,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX traded down $0.11 during trading hours on Thursday, reaching $91.39. The stock had a trading volume of 6,482,986 shares, compared to its average volume of 8,581,803. The stock has a market capitalization of $103.47 billion, a PE ratio of 24.48, a PEG ratio of 1.44 and a beta of 0.98. Starbucks Co. has a 12 month low of $89.21 and a 12 month high of $115.48. The company’s 50-day moving average is $93.04 and its two-hundred day moving average is $95.17.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.49%. Starbucks’s payout ratio is 60.96%.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 4,000 shares of company stock valued at $375,665 in the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SBUX shares. Robert W. Baird dropped their price target on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Piper Sandler dropped their price target on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. TD Cowen reissued a “market perform” rating and issued a $102.00 target price on shares of Starbucks in a research report on Tuesday, March 19th. HSBC assumed coverage on shares of Starbucks in a research report on Wednesday, December 20th. They issued a “hold” rating and a $107.00 target price for the company. Finally, StockNews.com downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus target price of $110.05.

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.