SRS Capital Advisors Inc. decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,801 shares of the coffee company’s stock after selling 374 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Starbucks were worth $245,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. HC Financial Advisors Inc. lifted its position in Starbucks by 233.5% during the third quarter. HC Financial Advisors Inc. now owns 27,445 shares of the coffee company’s stock valued at $1,560,000 after purchasing an additional 19,215 shares during the period. Alps Advisors Inc. lifted its position in Starbucks by 27.1% during the third quarter. Alps Advisors Inc. now owns 11,678 shares of the coffee company’s stock valued at $664,000 after purchasing an additional 2,487 shares during the period. Townsend & Associates Inc lifted its position in Starbucks by 30.6% during the third quarter. Townsend & Associates Inc now owns 16,508 shares of the coffee company’s stock valued at $938,000 after purchasing an additional 3,868 shares during the period. Norris Perne & French LLP MI lifted its position in Starbucks by 1.3% during the third quarter. Norris Perne & French LLP MI now owns 89,554 shares of the coffee company’s stock valued at $5,090,000 after purchasing an additional 1,113 shares during the period. Finally, Check Capital Management Inc. CA acquired a new position in Starbucks during the third quarter valued at $1,703,000. 73.29% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on SBUX. BidaskClub downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. UBS Group set a $72.00 target price on shares of Starbucks and gave the company a “buy” rating in a research report on Friday, November 2nd. Bank of America set a $68.00 target price on shares of Starbucks and gave the company a “buy” rating in a research report on Friday, November 2nd. Oppenheimer boosted their target price on shares of Starbucks from $61.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Finally, Mizuho set a $75.00 target price on shares of Starbucks and gave the company a “buy” rating in a research report on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.01.
Shares of Starbucks stock opened at $70.26 on Friday. The stock has a market capitalization of $88.67 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.04 and a beta of 0.48. Starbucks Co. has a fifty-two week low of $47.37 and a fifty-two week high of $72.07. The company has a debt-to-equity ratio of 7.73, a current ratio of 1.41 and a quick ratio of 1.16.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.49 billion. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Starbucks Co. will post 2.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.05%. Starbucks’s dividend payout ratio is currently 59.50%.
In other news, EVP Vivek C. Varma sold 50,470 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $69.39, for a total transaction of $3,502,113.30. Following the completion of the sale, the executive vice president now owns 118,110 shares of the company’s stock, valued at $8,195,652.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vivek C. Varma sold 70,364 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $70.05, for a total transaction of $4,928,998.20. Following the sale, the executive vice president now directly owns 138,004 shares of the company’s stock, valued at approximately $9,667,180.20. The disclosure for this sale can be found here. Insiders have sold 565,806 shares of company stock valued at $38,789,988 in the last three months. Corporate insiders own 3.98% of the company’s stock.
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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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