2,848 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,848 shares of the coffee company’s stock, valued at approximately $273,000.

Several other institutional investors have also recently bought and sold shares of SBUX. Norges Bank bought a new stake in shares of Starbucks during the 4th quarter valued at $1,222,931,000. Moneta Group Investment Advisors LLC boosted its stake in Starbucks by 115,334.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,493,639 shares of the coffee company’s stock worth $842,569,000 after purchasing an additional 8,486,281 shares during the period. Morgan Stanley grew its holdings in shares of Starbucks by 46.3% in the 4th quarter. Morgan Stanley now owns 26,718,368 shares of the coffee company’s stock valued at $2,650,462,000 after acquiring an additional 8,451,599 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Starbucks in the 1st quarter valued at about $190,270,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Starbucks in the 3rd quarter valued at about $147,125,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BMO Capital Markets decreased their target price 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 issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. BTIG Research reduced their price objective on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. Finally, Gordon Haskett lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Tuesday, January 16th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.05.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 4,000 shares of company stock valued at $375,665 in the last quarter. Insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $91.50 on Thursday. The firm’s fifty day moving average price is $93.05 and its 200-day moving average price is $95.19. The stock has a market cap of $103.60 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. Starbucks Co. has a fifty-two week low of $89.21 and a fifty-two week high of $115.48.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the business posted $0.75 EPS. Starbucks’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Starbucks Co. will post 4.06 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

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.