Brooklyn Investment Group Acquires 304 Shares of Starbucks Co. (NASDAQ:SBUX)

Brooklyn Investment Group raised its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,653 shares of the coffee company’s stock after buying an additional 304 shares during the period. Brooklyn Investment Group’s holdings in Starbucks were worth $516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Starbucks by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,649,493 shares of the coffee company’s stock valued at $206,279,000 after acquiring an additional 207,156 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Starbucks by 13.7% during the 2nd quarter. Waterloo Capital L.P. now owns 2,704 shares of the coffee company’s stock worth $210,000 after acquiring an additional 326 shares during the period. Intech Investment Management LLC boosted its holdings in Starbucks by 4.1% during the second quarter. Intech Investment Management LLC now owns 1,000,848 shares of the coffee company’s stock valued at $77,916,000 after purchasing an additional 38,961 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Starbucks by 3.9% in the 2nd quarter. Brighton Jones LLC now owns 154,017 shares of the coffee company’s stock worth $11,990,000 after buying an additional 5,715 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Starbucks by 9.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 115,435 shares of the coffee company’s stock valued at $8,987,000 after buying an additional 9,753 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 0.7 %

Shares of NASDAQ SBUX opened at $95.13 on Friday. The stock has a 50-day moving average price of $95.89 and a two-hundred day moving average price of $91.38. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32. The company has a market cap of $107.86 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the company earned $1.06 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that Starbucks Co. will post 3.1 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.98% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on SBUX. Stifel Nicolaus lifted their price objective on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley upped their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada assumed coverage on shares of Starbucks in a report on Friday, November 15th. They set an “outperform” rating and a $115.00 price objective for the company. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and decreased their price target for the company from $80.00 to $76.00 in a report on Tuesday, September 24th. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Starbucks Company 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.