Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC increased its position in shares of Starbucks Co. (NASDAQ:SBUXGet Rating) by 43.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,755 shares of the coffee company’s stock after acquiring an additional 836 shares during the period. Capital Advisors Ltd. LLC’s holdings in Starbucks were worth $251,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Zhang Financial LLC raised its position in Starbucks by 1.7% during the fourth quarter. Zhang Financial LLC now owns 6,404 shares of the coffee company’s stock worth $749,000 after acquiring an additional 106 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Starbucks by 49.4% in the fourth quarter. Bell Investment Advisors Inc now owns 345 shares of the coffee company’s stock worth $40,000 after acquiring an additional 114 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Starbucks by 3.0% during the fourth quarter. Mather Group LLC. now owns 3,895 shares of the coffee company’s stock valued at $456,000 after acquiring an additional 114 shares during the last quarter. Means Investment CO. Inc. increased its position in Starbucks by 0.4% during the 4th quarter. Means Investment CO. Inc. now owns 31,819 shares of the coffee company’s stock worth $3,722,000 after purchasing an additional 118 shares in the last quarter. Finally, Rational Advisors LLC lifted its holdings in Starbucks by 141.4% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. 69.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Starbucks

In related news, CEO Howard D. Schultz purchased 72,500 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $68.85 per share, with a total value of $4,991,625.00. Following the acquisition, the chief executive officer now owns 19,606,960 shares in the company, valued at approximately $1,349,939,196. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Howard D. Schultz acquired 72,500 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $68.85 per share, for a total transaction of $4,991,625.00. Following the transaction, the chief executive officer now directly owns 19,606,960 shares in the company, valued at approximately $1,349,939,196. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard D. Schultz bought 137,500 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $72.67 per share, with a total value of $9,992,125.00. Following the transaction, the chief executive officer now owns 19,534,460 shares in the company, valued at approximately $1,419,569,208.20. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Starbucks Stock Down 1.3 %

Shares of Starbucks stock opened at $85.73 on Friday. The business has a 50-day moving average price of $78.88 and a 200 day moving average price of $83.14. Starbucks Co. has a fifty-two week low of $68.39 and a fifty-two week high of $120.76. The firm has a market cap of $98.37 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.70 and a beta of 0.95.

Starbucks (NASDAQ:SBUXGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The coffee company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Starbucks had a negative return on equity of 47.28% and a net margin of 13.03%. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, equities research analysts anticipate that Starbucks Co. will post 2.89 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.96 annualized dividend and a yield of 2.29%. Starbucks’s dividend payout ratio (DPR) is 55.21%.

Analysts Set New Price Targets

Several analysts have commented on SBUX shares. BTIG Research lowered their target price on shares of Starbucks from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. UBS Group increased their target price on Starbucks from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday. Robert W. Baird reiterated a “neutral” rating and set a $83.00 target price on shares of Starbucks in a report on Thursday. Citigroup raised their target price on shares of Starbucks from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, MKM Partners lowered their price target on Starbucks from $105.00 to $98.00 in a report on Wednesday, May 4th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.92.

About Starbucks

(Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

Featured Articles

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUXGet Rating).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.