Northern Financial Advisors Inc Has $724,000 Position in Starbucks Co. (NASDAQ:SBUX)

Northern Financial Advisors Inc increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 14.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,544 shares of the coffee company’s stock after purchasing an additional 980 shares during the period. Northern Financial Advisors Inc’s holdings in Starbucks were worth $724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SBUX. Orca Investment Management LLC increased its position in Starbucks by 6.6% during the fourth quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock worth $719,000 after acquiring an additional 466 shares during the period. Cerity Partners LLC raised its position in shares of Starbucks by 481.9% during the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after buying an additional 1,281,471 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after buying an additional 7,619 shares during the period. FFT Wealth Management LLC acquired a new stake in Starbucks during the fourth quarter worth about $209,000. Finally, Tyche Wealth Partners LLC acquired a new position in Starbucks in the 4th quarter valued at approximately $794,000. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 company insiders.

Starbucks Stock Up 2.5 %

SBUX stock traded up $1.82 during midday trading on Wednesday, reaching $74.32. The stock had a trading volume of 10,894,962 shares, compared to its average volume of 9,714,291. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $108.11. The firm has a market cap of $84.18 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.58 and a beta of 0.97. The business has a fifty day simple moving average of $88.03 and a two-hundred day simple moving average of $93.53.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the firm earned $0.74 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts predict that Starbucks Co. will post 3.63 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business 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 3.07%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 62.81%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBUX. William Blair cut Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 1st. HSBC lowered their price target on shares of Starbucks from $107.00 to $84.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. UBS Group decreased their target price on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wedbush dropped their price target on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Starbucks from $100.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Seventeen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.43.

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.