Acropolis Investment Management LLC Has $458,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Acropolis Investment Management LLC grew its position in Starbucks Co. (NASDAQ:SBUX) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,693 shares of the coffee company’s stock after purchasing an additional 293 shares during the period. Acropolis Investment Management LLC’s holdings in Starbucks were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SBUX. Kolinsky Wealth Management LLC increased its position in shares of Starbucks by 12.6% during the third quarter. Kolinsky Wealth Management LLC now owns 3,575 shares of the coffee company’s stock worth $349,000 after acquiring an additional 401 shares in the last quarter. Circle Wealth Management LLC grew its position in Starbucks by 0.5% in the third quarter. Circle Wealth Management LLC now owns 314,096 shares of the coffee company’s stock valued at $30,621,000 after purchasing an additional 1,711 shares in the last quarter. Fred Alger Management LLC grew its position in Starbucks by 4.1% in the third quarter. Fred Alger Management LLC now owns 44,390 shares of the coffee company’s stock valued at $4,328,000 after purchasing an additional 1,740 shares in the last quarter. William Allan Corp grew its position in Starbucks by 0.8% in the third quarter. William Allan Corp now owns 62,474 shares of the coffee company’s stock valued at $6,091,000 after purchasing an additional 512 shares in the last quarter. Finally, Infusive Asset Management Inc. grew its position in Starbucks by 104.1% in the third quarter. Infusive Asset Management Inc. now owns 68,493 shares of the coffee company’s stock valued at $6,677,000 after purchasing an additional 34,942 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and raised their target price for the company from $80.00 to $120.00 in a research report on Wednesday, August 14th. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. Stifel Nicolaus increased their price target on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen reiterated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Finally, UBS Group increased their price target on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $103.77.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the transaction, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 1.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

Starbucks Stock Up 0.9 %

SBUX stock opened at $102.46 on Friday. The firm has a market cap of $116.17 billion, a P/E ratio of 30.95, a P/E/G ratio of 3.00 and a beta of 0.97. The company’s 50-day moving average price is $97.63 and its two-hundred day moving average price is $88.01. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32.

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, meeting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS. Equities analysts predict that Starbucks Co. will post 3.12 EPS for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Starbucks’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, November 15th. Starbucks’s payout ratio is presently 73.72%.

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.