Francis Financial Inc. Acquires Shares of 2,230 Starbucks Co. (NASDAQ:SBUX)

Francis Financial Inc. purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,230 shares of the coffee company’s stock, valued at approximately $214,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Starbucks by 0.4% during the third quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock worth $9,756,001,000 after buying an additional 387,632 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Starbucks by 4.5% during the second quarter. BlackRock Inc. now owns 80,373,017 shares of the coffee company’s stock worth $7,961,751,000 after buying an additional 3,459,390 shares in the last quarter. State Street Corp increased its holdings in shares of Starbucks by 3.4% during the second quarter. State Street Corp now owns 45,619,709 shares of the coffee company’s stock worth $4,519,088,000 after buying an additional 1,499,524 shares in the last quarter. Morgan Stanley increased its holdings in shares of Starbucks by 46.3% during the fourth quarter. Morgan Stanley now owns 26,718,368 shares of the coffee company’s stock worth $2,650,462,000 after buying an additional 8,451,599 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Starbucks by 1.5% in the third quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after purchasing an additional 232,031 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SBUX shares. Wedbush reissued a “neutral” rating and issued a $95.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Stephens reissued an “equal weight” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. JPMorgan Chase & Co. decreased their price target on Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. Robert W. Baird cut their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, Piper Sandler lowered their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $110.05.

Starbucks Trading Down 0.1 %

SBUX stock opened at $91.39 on Friday. The stock’s fifty day simple moving average is $93.04 and its two-hundred day simple moving average is $95.17. Starbucks Co. has a 1-year low of $89.21 and a 1-year high of $115.48. The stock has a market cap of $103.47 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.46 and a beta of 0.98.

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

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Activity

In other news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,000 shares of company stock valued at $375,665 in the last 90 days. Insiders own 1.98% of the company’s stock.

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.