Tradewinds LLC. Takes Position in Starbucks Corporation $SBUX

Tradewinds LLC. bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,185 shares of the coffee company’s stock, valued at approximately $523,000.

Other large investors also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC lifted its holdings in shares of Starbucks by 2.1% in the second quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company’s stock worth $474,000 after buying an additional 108 shares in the last quarter. Cooper Haims Advisors LLC increased its holdings in Starbucks by 3.0% in the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock valued at $344,000 after acquiring an additional 110 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Starbucks by 1.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,293 shares of the coffee company’s stock worth $760,000 after purchasing an additional 117 shares in the last quarter. Diligent Investors LLC boosted its holdings in shares of Starbucks by 1.9% during the 2nd quarter. Diligent Investors LLC now owns 6,132 shares of the coffee company’s stock valued at $562,000 after purchasing an additional 117 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its position in shares of Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after purchasing an additional 122 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.3%

Shares of SBUX opened at $92.99 on Monday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The company has a market cap of $105.74 billion, a PE ratio of 56.70, a P/E/G ratio of 1.96 and a beta of 0.97. The business has a fifty day moving average of $86.06 and a 200 day moving average of $87.03.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The firm had revenue of $9.57 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the business posted $0.80 EPS. Starbucks’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is currently 151.22%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank Of Canada set a $100.00 target price on Starbucks and gave the stock an “outperform” rating in a research report on Thursday, October 30th. UBS Group set a $94.00 price objective on Starbucks and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Sanford C. Bernstein set a $100.00 price objective on Starbucks and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company set a $100.00 target price on Starbucks and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.56.

Insider Transactions at Starbucks

In other Starbucks news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the business’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director directly owned 53,096 shares of the company’s stock, valued at $4,513,160. The trade was a 28.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.