Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Atlas Brown Inc.

Atlas Brown Inc. boosted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,663 shares of the coffee company’s stock after acquiring an additional 216 shares during the period. Atlas Brown Inc.’s holdings in Starbucks were worth $517,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in Starbucks by 377.3% in the second quarter. Acadian Asset Management LLC now owns 31,982 shares of the coffee company’s stock valued at $2,488,000 after purchasing an additional 25,281 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Starbucks by 5.6% in the 2nd quarter. MGO One Seven LLC now owns 28,465 shares of the coffee company’s stock valued at $2,216,000 after buying an additional 1,510 shares in the last quarter. LPL Financial LLC grew its position in shares of Starbucks by 21.0% in the 2nd quarter. LPL Financial LLC now owns 1,863,431 shares of the coffee company’s stock valued at $145,068,000 after buying an additional 323,114 shares during the last quarter. Qsemble Capital Management LP raised its stake in Starbucks by 84.1% during the 2nd quarter. Qsemble Capital Management LP now owns 41,954 shares of the coffee company’s stock worth $3,266,000 after acquiring an additional 19,166 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its position in Starbucks by 3.9% in the second quarter. Private Wealth Partners LLC now owns 5,389 shares of the coffee company’s stock valued at $420,000 after acquiring an additional 200 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group cut Starbucks from a “hold” rating to an “underperform” rating and cut their target price for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Barclays lowered their target price on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Wells Fargo & Company upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Finally, Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $92.00 to $115.00 in a report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.77.

Starbucks Stock Down 0.4 %

Shares of NASDAQ:SBUX traded down $0.40 during trading on Friday, reaching $92.20. The stock had a trading volume of 4,500,766 shares, compared to its average volume of 6,539,876. The stock has a market cap of $104.54 billion, a P/E ratio of 27.86, a PEG ratio of 2.86 and a beta of 0.99. The business has a fifty day moving average price of $96.26 and a 200-day moving average price of $90.88. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.98% of the company’s stock.

About Starbucks

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.