Stonebrook Private Inc. Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Stonebrook Private Inc. bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,525 shares of the coffee company’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Vanguard Group Inc. lifted its stake in shares of Starbucks by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock valued at $9,756,001,000 after acquiring an additional 387,632 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Starbucks by 1.5% in the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock valued at $1,388,924,000 after acquiring an additional 232,031 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Starbucks by 11.8% in the 3rd quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock valued at $962,144,000 after acquiring an additional 1,115,051 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Starbucks by 44.8% in the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after acquiring an additional 1,591,206 shares during the last quarter. Finally, Jensen Investment Management Inc. lifted its stake in shares of Starbucks by 2.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 4,956,442 shares of the coffee company’s stock valued at $452,374,000 after acquiring an additional 133,620 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 7,250 shares of company stock valued at $651,738 in the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Trading Up 0.5 %

NASDAQ SBUX traded up $0.41 during trading hours on Friday, hitting $88.25. The company’s stock had a trading volume of 7,185,257 shares, compared to its average volume of 7,387,159. Starbucks Co. has a 52 week low of $84.29 and a 52 week high of $115.48. The company has a market capitalization of $99.92 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. The company’s 50-day simple moving average is $90.36 and its two-hundred day simple moving average is $94.28.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the business posted $0.75 EPS. Starbucks’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.58%. Starbucks’s dividend payout ratio is currently 60.96%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. BMO Capital Markets lowered their target price on Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. Guggenheim lowered their target price on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Stifel Nicolaus lowered their target price on Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $105.00 target price on shares of Starbucks in a research report on Monday, April 1st. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.55.

Starbucks 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.