HTLF Bank Takes Position in Starbucks Co. (NASDAQ:SBUX)

HTLF Bank acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 55,633 shares of the coffee company’s stock, valued at approximately $5,341,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Willow Creek Wealth Management Inc. boosted its position in Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in Starbucks by 0.7% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 14,194 shares of the coffee company’s stock valued at $1,408,000 after purchasing an additional 100 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in Starbucks by 2.4% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after purchasing an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. raised its position in shares of Starbucks by 4.6% in the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after purchasing an additional 100 shares in the last quarter. Finally, Herold Advisors Inc. boosted its stake in shares of Starbucks by 4.3% during the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. Barclays dropped their price target on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Morgan Stanley cut their target price on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, January 16th. Stifel Nicolaus cut their price objective on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. Fourteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.43.

Starbucks Stock Up 0.0 %

Shares of Starbucks stock traded up $0.01 during trading on Friday, hitting $87.16. The stock had a trading volume of 4,181,400 shares, compared to its average volume of 8,346,164. The company has a market capitalization of $98.68 billion, a PE ratio of 23.53, a P/E/G ratio of 1.39 and a beta of 0.97. Starbucks Co. has a 1 year low of $84.29 and a 1 year high of $115.48. The stock has a 50 day simple moving average of $91.14 and a 200 day simple moving average of $94.42.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 4.03 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.62%. Starbucks’s dividend payout ratio is 60.96%.

Insider Transactions at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 7,250 shares of company stock valued at $653,183 over the last three months. 1.98% of the stock is owned by corporate insiders.

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.