Alliance Wealth Advisors LLC UT Has $548,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Alliance Wealth Advisors LLC UT grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 5,710 shares of the coffee company’s stock after acquiring an additional 237 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Starbucks were worth $548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Riggs Asset Managment Co. Inc. grew its stake in shares of Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. Atticus Wealth Management LLC lifted its position in Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after purchasing an additional 200 shares during the period. Evolution Advisers Inc. acquired a new stake in Starbucks during the fourth quarter worth $36,000. Tennessee Valley Asset Management Partners bought a new stake in Starbucks in the 4th quarter valued at $38,000. Finally, Financial Connections Group Inc. bought a new position in shares of Starbucks during the 4th quarter worth about $38,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.5 %

Shares of Starbucks stock traded up $0.41 during trading on Friday, reaching $88.25. 7,185,257 shares of the company were exchanged, compared to its average volume of 7,387,159. The business has a 50-day moving average price of $90.36 and a 200-day moving average price of $94.28. The firm has a market capitalization of $99.92 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.48 and a beta of 0.97. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48.

Starbucks (NASDAQ:SBUX) last posted 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 company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 annualized dividend and a yield of 2.58%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 7,250 shares of company stock worth $651,738. Company insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SBUX. Stephens reissued an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Tuesday, January 16th. Citigroup decreased their price target on Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. BMO Capital Markets lowered their target price on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.55.

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.