Stockman Wealth Management Inc. Increases Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Stockman Wealth Management Inc. increased its stake in Starbucks Co. (NASDAQ:SBUX) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,059 shares of the coffee company’s stock after acquiring an additional 1,169 shares during the quarter. Starbucks makes up about 1.6% of Stockman Wealth Management Inc.’s portfolio, making the stock its 23rd biggest holding. Stockman Wealth Management Inc.’s holdings in Starbucks were worth $10,317,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Private Advisory Group LLC grew its stake in Starbucks by 2.9% during the 3rd quarter. Private Advisory Group LLC now owns 9,755 shares of the coffee company’s stock valued at $951,000 after acquiring an additional 274 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of Starbucks by 4.4% in the third quarter. Beaumont Financial Advisors LLC now owns 4,255 shares of the coffee company’s stock valued at $415,000 after purchasing an additional 180 shares during the last quarter. LVW Advisors LLC boosted its stake in Starbucks by 18.4% during the third quarter. LVW Advisors LLC now owns 3,136 shares of the coffee company’s stock worth $306,000 after buying an additional 487 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Starbucks by 259.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,121 shares of the coffee company’s stock valued at $792,000 after buying an additional 5,863 shares in the last quarter. Finally, Wynn Capital LLC increased its stake in shares of Starbucks by 6.7% in the 3rd quarter. Wynn Capital LLC now owns 9,847 shares of the coffee company’s stock worth $960,000 after acquiring an additional 618 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the company’s 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 sale, the chief financial officer now owns 65,648 shares in the company, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Bank of America dropped their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Redburn Atlantic restated a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wedbush upped their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $112.20 on Friday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $112.62. The business has a 50-day moving average of $97.12 and a 200-day moving average of $94.57. The company has a market capitalization of $127.45 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.52 and a beta of 1.00.

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

Starbucks Announces Dividend

The firm also recently declared 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. This represents a $2.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is currently 78.71%.

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.