Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Gill Capital Partners LLC

Gill Capital Partners LLC lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,501 shares of the coffee company’s stock after acquiring an additional 452 shares during the period. Gill Capital Partners LLC’s holdings in Starbucks were worth $502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Premier Path Wealth Partners LLC boosted its position in shares of Starbucks by 13.0% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,854 shares of the coffee company’s stock worth $443,000 after buying an additional 560 shares during the period. Howard Financial Services LTD. acquired a new position in Starbucks during the 4th quarter worth approximately $242,000. Verity & Verity LLC boosted its holdings in Starbucks by 8.8% in the 4th quarter. Verity & Verity LLC now owns 119,488 shares of the coffee company’s stock worth $10,903,000 after acquiring an additional 9,666 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Starbucks by 1.2% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 12,157 shares of the coffee company’s stock valued at $1,109,000 after acquiring an additional 150 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its stake in shares of Starbucks by 43.4% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 7,507 shares of the coffee company’s stock valued at $685,000 after purchasing an additional 2,272 shares during the period. 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. 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 PE ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99. The stock has a 50 day simple moving average of $95.89 and a 200-day simple moving average of $91.38.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $9.07 billion during 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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. Sell-side analysts forecast that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is currently 73.72%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, September 30th. BTIG Research boosted their price target on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Stifel Nicolaus lifted their price objective on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’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 sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.98% of the company’s stock.

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.