Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Keel Point LLC

Keel Point LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 8.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,235 shares of the coffee company’s stock after buying an additional 415 shares during the period. Keel Point LLC’s holdings in Starbucks were worth $503,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after purchasing an additional 7,619 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in shares of Starbucks by 60.6% in the third quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock worth $864,000 after purchasing an additional 3,570 shares during the last quarter. Motco raised its stake in shares of Starbucks by 1.1% in the third quarter. Motco now owns 74,829 shares of the coffee company’s stock worth $6,830,000 after purchasing an additional 811 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of Starbucks in the fourth quarter worth about $1,348,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity at Starbucks

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 stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares in the company, valued at approximately $7,912,906.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 4,000 shares of company stock valued at $375,665 in the last three months. 1.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stephens reiterated an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. BTIG Research dropped their price objective on Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. TD Cowen reissued a “hold” rating and issued a $100.00 price objective on shares of Starbucks in a report on Thursday, April 11th. Robert W. Baird dropped their price objective on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.71.

Starbucks Trading Up 0.1 %

SBUX stock opened at $85.28 on Tuesday. The business’s fifty day moving average price is $91.71 and its 200 day moving average price is $94.57. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48. The company has a market capitalization of $96.55 billion, a PE ratio of 22.77, a P/E/G ratio of 1.36 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results 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 company had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the company earned $0.75 EPS. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts predict that Starbucks Co. will post 4.05 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.67%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

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.