William Allan Corp Purchases 513 Shares of Starbucks Co. (NASDAQ:SBUX)

William Allan Corp grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,987 shares of the coffee company’s stock after acquiring an additional 513 shares during the period. Starbucks comprises approximately 3.5% of William Allan Corp’s holdings, making the stock its 8th biggest holding. William Allan Corp’s holdings in Starbucks were worth $5,748,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Financial Life Planners bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. DT Investment Partners LLC grew its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter valued at approximately $49,000. Friedenthal Financial acquired a new position in Starbucks during the 3rd quarter worth $50,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of Starbucks during the fourth quarter valued at $56,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $111.70 on Friday. The firm has a market cap of $126.88 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.40 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $112.42. The firm has a 50 day moving average price of $96.73 and a two-hundred day moving average price of $94.20.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the firm earned $0.90 EPS. As a group, equities research analysts predict that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. Starbucks’s dividend payout ratio is presently 78.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Citigroup increased their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, BTIG Research increased their price objective on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.33.

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.