McAdam LLC Has $367,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

McAdam LLC raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,826 shares of the coffee company’s stock after buying an additional 124 shares during the quarter. McAdam LLC’s holdings in Starbucks were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cerity Partners LLC boosted its stake 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 acquiring an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Starbucks by 15.4% during the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after purchasing an additional 7,619 shares during the period. Tyche Wealth Partners LLC bought a new position in shares of Starbucks during the 4th quarter worth about $794,000. Insigneo Advisory Services LLC grew its stake in shares of Starbucks by 60.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock valued at $864,000 after buying an additional 3,570 shares during the period. Finally, Mountain Pacific Investment Advisers Inc. ID bought a new stake in Starbucks in the 4th quarter valued at about $201,000. 72.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SBUX has been the topic of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a report on Monday, April 1st. Jefferies Financial Group decreased their price target on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets dropped their price objective on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Stephens reissued an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Piper Sandler dropped their price target on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.55.

Insider Activity at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred 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 directly owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 7,250 shares of company stock valued at $651,738. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Up 0.1 %

Starbucks stock opened at $88.33 on Tuesday. The firm has a 50 day moving average price of $90.27 and a 200-day moving average price of $94.27. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48. The company has a market capitalization of $100.01 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.48 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Equities analysts expect that Starbucks Co. will post 3.99 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. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

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.