Compton Wealth Advisory Group LLC Has $898,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Compton Wealth Advisory Group LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,844 shares of the coffee company’s stock after selling 1,174 shares during the quarter. Compton Wealth Advisory Group LLC’s holdings in Starbucks were worth $898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Wellington Management Group LLP boosted its position in shares of Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company’s stock worth $1,476,967,000 after buying an additional 7,598,146 shares during the period. FMR LLC grew its stake in Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares in the last quarter. Marshall Wace LLP grew its stake in Starbucks by 1,466.3% in the second quarter. Marshall Wace LLP now owns 3,350,932 shares of the coffee company’s stock valued at $260,870,000 after purchasing an additional 3,136,992 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Starbucks in the second quarter valued at about $243,910,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Starbucks by 1,078.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company’s stock valued at $248,153,000 after purchasing an additional 2,329,431 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Sanford C. Bernstein upgraded Starbucks from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $92.00 to $115.00 in a research note on Thursday, September 26th. Royal Bank of Canada assumed coverage on Starbucks in a research note on Friday, November 15th. They issued an “outperform” rating and a $115.00 target price on the stock. Citigroup upped their price target on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Bank of America decreased their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $103.77.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.98% of the stock is owned by corporate insiders.

Starbucks Trading Down 0.6 %

NASDAQ SBUX traded down $0.56 during trading hours on Monday, reaching $91.69. 2,745,195 shares of the company’s stock were exchanged, compared to its average volume of 6,218,747. The stock has a market cap of $103.96 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32. The firm has a fifty day moving average of $96.13 and a 200-day moving average of $91.13.

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

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.66%. Starbucks’s dividend payout ratio is currently 73.72%.

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.