Cypress Capital Management LLC WY Buys 185 Shares of Starbucks Co. (NASDAQ:SBUX)

Cypress Capital Management LLC WY grew its stake in Starbucks Co. (NASDAQ:SBUX) by 133.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 324 shares of the coffee company’s stock after acquiring an additional 185 shares during the period. Cypress Capital Management LLC WY’s holdings in Starbucks were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Flossbach Von Storch AG grew its position in shares of Starbucks by 8,677.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock worth $260,706,000 after buying an additional 2,684,470 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Starbucks in the third quarter valued at approximately $147,125,000. Nordea Investment Management AB boosted its holdings in shares of Starbucks by 44.8% in the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after buying an additional 1,591,206 shares during the period. Cerity Partners LLC boosted its holdings in Starbucks by 481.9% during 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. Finally, Envestnet Asset Management Inc. boosted its holdings in Starbucks by 32.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,679,621 shares of the coffee company’s stock worth $427,109,000 after purchasing an additional 1,154,020 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 0.2 %

SBUX stock traded down $0.19 during mid-day trading on Monday, hitting $88.06. The stock had a trading volume of 6,026,700 shares, compared to its average volume of 8,347,913. Starbucks Co. has a 52 week low of $84.29 and a 52 week high of $115.48. The firm has a market capitalization of $99.70 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.48 and a beta of 0.98. The firm has a fifty day simple moving average of $90.36 and a 200 day simple moving average of $94.30.

Starbucks (NASDAQ:SBUX) last released 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 the consensus estimate of $9.60 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Starbucks’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that Starbucks Co. will post 3.99 earnings per share 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. This represents a $2.28 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 7,250 shares of company stock worth $651,738. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. TD Cowen reiterated a “hold” rating and issued a $100.00 price target on shares of Starbucks in a research note on Thursday, April 11th. BTIG Research cut their price target on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Stephens reiterated an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Morgan Stanley cut their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of “Hold” and a consensus target price of $106.55.

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.