Bell & Brown Wealth Advisors LLC Takes $4.05 Million Position in Starbucks Co. (NASDAQ:SBUX)

Bell & Brown Wealth Advisors LLC bought a new stake in shares of Starbucks Co. (NASDAQ:SBUXFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,165 shares of the coffee company’s stock, valued at approximately $4,048,000. Starbucks comprises 1.9% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Orca Investment Management LLC boosted its holdings in Starbucks by 6.6% in the 4th quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock valued at $719,000 after purchasing an additional 466 shares during the period. Cerity Partners LLC lifted 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 acquiring an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC increased its stake in Starbucks by 15.4% in the 3rd 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 last quarter. Summa Corp. bought a new stake in Starbucks during the fourth quarter worth $384,000. Finally, FFT Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter valued at about $209,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the sale, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The stock was 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 of the company’s stock, valued at $6,933,582.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,750 shares of company stock valued at $642,050. 1.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen decreased their price objective on Starbucks from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Guggenheim decreased their price target on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Barclays dropped their price objective on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Morgan Stanley reduced their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, BMO Capital Markets dropped their price objective on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Seventeen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.43.

View Our Latest Report on Starbucks

Starbucks Stock Up 0.7 %

NASDAQ:SBUX traded up $0.56 on Monday, reaching $78.87. The company’s stock had a trading volume of 10,746,100 shares, compared to its average volume of 10,282,153. The stock has a 50 day moving average price of $84.08 and a 200 day moving average price of $91.70. Starbucks Co. has a 12-month low of $71.80 and a 12-month high of $107.66. The firm has a market cap of $89.34 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.72 and a beta of 0.97.

Starbucks (NASDAQ:SBUXGet Free Report) last announced 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). The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. Starbucks’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Equities research analysts expect that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.89%. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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