Investment House LLC Has $819,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Investment House LLC boosted its position in Starbucks Co. (NASDAQ:SBUX) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,532 shares of the coffee company’s stock after buying an additional 307 shares during the period. Investment House LLC’s holdings in Starbucks were worth $819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Vanguard Group Inc. boosted its holdings in shares of Starbucks by 0.4% during the 3rd 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. Northern Trust Corp grew its holdings in 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 period. Invesco Ltd. increased its stake in Starbucks by 11.8% in the third quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock valued at $962,144,000 after purchasing an additional 1,115,051 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Starbucks by 44.8% during 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 purchasing an additional 1,591,206 shares during the period. Finally, Jensen Investment Management Inc. raised its holdings in shares of Starbucks by 2.8% during the third quarter. Jensen Investment Management Inc. now owns 4,956,442 shares of the coffee company’s stock valued at $452,374,000 after purchasing an additional 133,620 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 1.1 %

SBUX opened at $87.40 on Tuesday. The business’s fifty day simple moving average is $90.27 and its 200 day simple moving average is $94.27. Starbucks Co. has a 52 week low of $84.29 and a 52 week high of $115.48. The stock has a market cap of $98.95 billion, a PE ratio of 23.62, a P/E/G ratio of 1.48 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Insider Transactions at Starbucks

In related 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 value of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SBUX. BMO Capital Markets cut their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Stifel Nicolaus reduced their price target on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. TD Cowen reaffirmed a “hold” rating and issued a $100.00 price target on shares of Starbucks in a report on Thursday, April 11th. Finally, Jefferies Financial Group dropped their price objective on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Starbucks presently has a consensus rating of “Hold” and a consensus target price 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.