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Mount Yale Investment Advisors LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX – Free Report) by 58.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,723 shares of the coffee company’s stock after selling 13,437 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Starbucks were worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Strategic Investment Solutions Inc. IL bought a new stake in Starbucks during the 2nd quarter worth about $25,000. New Millennium Group LLC bought a new position in shares of Starbucks in the second quarter worth about $26,000. Stephens Consulting LLC lifted its position in shares of Starbucks by 498.2% during the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after purchasing an additional 279 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Starbucks during the second quarter valued at approximately $27,000. Finally, Olistico Wealth LLC acquired a new stake in shares of Starbucks in the second quarter valued at approximately $31,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Up 0.2 %

Shares of NASDAQ SBUX opened at $97.31 on Friday. The company has a fifty day moving average price of $95.43 and a 200 day moving average price of $84.98. The firm has a market cap of $110.22 billion, a PE ratio of 26.81, a PEG ratio of 2.14 and a beta of 0.97. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66.

Starbucks (NASDAQ:SBUX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. Starbucks’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts forecast that Starbucks Co. will post 3.55 EPS for the current year.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.61 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.51%. Starbucks’s dividend payout ratio (DPR) is 67.22%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Evercore ISI raised Starbucks from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $120.00 in a report on Wednesday, August 14th. BMO Capital Markets upped their price target on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. DZ Bank lowered Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price objective for the company. in a research report on Wednesday, August 21st. TD Cowen restated a “buy” rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday. Finally, Piper Sandler raised shares of Starbucks from a “neutral” rating to an “overweight” rating and raised their target price for the company from $85.00 to $103.00 in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.48.

Check Out Our Latest Report on Starbucks

Insider Transactions at Starbucks

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jorgen Vig Knudstorp purchased 380 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $91.50 per share, with a total value of $34,770.00. Following the transaction, the director now directly owns 36,242 shares of the company’s stock, valued at $3,316,143. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.98% of the stock is currently owned by insiders.

Starbucks Profile

(Free Report)

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.

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E Fund Management Co. Ltd. lifted its stake in Starbucks Co. (NASDAQ:SBUX – Free Report) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,347 shares of the coffee company’s stock after purchasing an additional 204 shares during the period. E Fund Management Co. Ltd.’s holdings in Starbucks were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SBUX. Gryphon Financial Partners LLC increased its stake in shares of Starbucks by 96.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 5,213 shares of the coffee company’s stock worth $508,000 after purchasing an additional 2,558 shares in the last quarter. TrinityPoint Wealth LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $230,000. Hillsdale Investment Management Inc. increased its stake in shares of Starbucks by 5.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 3,269 shares of the coffee company’s stock worth $314,000 after purchasing an additional 180 shares in the last quarter. Assetmark Inc. increased its stake in shares of Starbucks by 14.5% in the 4th quarter. Assetmark Inc. now owns 95,372 shares of the coffee company’s stock worth $9,157,000 after purchasing an additional 12,089 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Starbucks by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 12,697 shares of the coffee company’s stock worth $1,219,000 after buying an additional 324 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.3 %

Shares of NASDAQ:SBUX opened at $96.12 on Thursday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The company has a 50-day moving average price of $85.77 and a 200 day moving average price of $83.98. The company has a market cap of $108.92 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.38 and a beta of 0.96.

Starbucks (NASDAQ:SBUX – Get Free Report) last announced its earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Starbucks Co. will post 3.56 EPS for the current year.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorgen Vig Knudstorp purchased 380 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $91.50 per share, with a total value of $34,770.00. Following the purchase, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SBUX. DZ Bank lowered Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price target for the company. in a research note on Wednesday, August 21st. The Goldman Sachs Group began coverage on Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 price target for the company. Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $81.00 to $110.00 in a research note on Tuesday, August 13th. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $120.00 in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Starbucks from a “hold” rating to a “buy” rating and increased their price target for the stock from $85.00 to $118.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $100.08.

Get Our Latest Stock Report on SBUX

Starbucks Profile

(Free Report)

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.

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Swedbank AB reduced its position in Starbucks Co. (NASDAQ:SBUX – Free Report) by 3.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 549,996 shares of the coffee company’s stock after selling 20,215 shares during the period. Swedbank AB’s holdings in Starbucks were worth $42,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lorne Steinberg Wealth Management Inc. boosted its stake in shares of Starbucks by 1.4% in the 2nd quarter. Lorne Steinberg Wealth Management Inc. now owns 46,155 shares of the coffee company’s stock worth $3,593,000 after buying an additional 635 shares during the last quarter. ERn Financial LLC boosted its stake in shares of Starbucks by 7.1% in the 2nd quarter. ERn Financial LLC now owns 4,836 shares of the coffee company’s stock worth $376,000 after buying an additional 322 shares during the last quarter. Westside Investment Management Inc. lifted its position in Starbucks by 3.3% during the second quarter. Westside Investment Management Inc. now owns 13,220 shares of the coffee company’s stock valued at $1,039,000 after purchasing an additional 422 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in Starbucks by 1.8% during the second quarter. Brown Lisle Cummings Inc. now owns 8,302 shares of the coffee company’s stock valued at $646,000 after purchasing an additional 150 shares in the last quarter. Finally, Manchester Financial Inc. lifted its position in Starbucks by 5.3% during the second quarter. Manchester Financial Inc. now owns 27,482 shares of the coffee company’s stock valued at $2,139,000 after purchasing an additional 1,392 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DZ Bank downgraded Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research report on Friday, May 3rd. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $120.00 in a research report on Wednesday. Baird R W upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Piper Sandler upgraded Starbucks from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $103.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.79.

Check Out Our Latest Stock Report on SBUX

Insider Activity

In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders have sold 10,540 shares of company stock worth $879,291 in the last ninety days. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $94.81 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The firm has a market capitalization of $107.44 billion, a P/E ratio of 26.12, a PEG ratio of 1.80 and a beta of 0.94. The stock has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $84.00.

Starbucks (NASDAQ:SBUX – Get Free Report) last posted its earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm earned $1.00 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

About Starbucks

(Free Report)

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.

Read More

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:SBUX – Free Report).

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.

Alpha Omega Wealth Management LLC lowered its holdings in Starbucks Co. (NASDAQ:SBUX – Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,052 shares of the coffee company’s stock after selling 226 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Starbucks were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management increased its stake in shares of Starbucks by 19.2% in the fourth quarter. Spartan Planning & Wealth Management now owns 590 shares of the coffee company’s stock worth $59,000 after buying an additional 95 shares during the period. First American Trust FSB increased its stake in shares of Starbucks by 3.8% in the fourth quarter. First American Trust FSB now owns 2,649 shares of the coffee company’s stock worth $263,000 after buying an additional 97 shares during the period. Perennial Investment Advisors LLC increased its position in Starbucks by 2.0% during the 4th quarter. Perennial Investment Advisors LLC now owns 4,996 shares of the coffee company’s stock valued at $496,000 after purchasing an additional 98 shares during the period. FSM Wealth Advisors LLC increased its position in Starbucks by 2.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 3,626 shares of the coffee company’s stock valued at $360,000 after purchasing an additional 99 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in Starbucks by 3.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 3,394 shares of the coffee company’s stock valued at $337,000 after purchasing an additional 100 shares during the period. Institutional investors own 69.68% of the company’s stock.

Insider Activity

In other news, CFO Rachel Ruggeri sold 679 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $100.60, for a total transaction of $68,307.40. Following the completion of the sale, the chief financial officer now owns 54,761 shares of the company’s stock, valued at approximately $5,508,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Credit Suisse Group boosted their price objective on shares of Starbucks from $122.00 to $128.00 in a research report on Wednesday, May 3rd. Royal Bank of Canada reduced their price objective on shares of Starbucks from $115.00 to $110.00 in a research report on Wednesday, May 3rd. Barclays boosted their price objective on shares of Starbucks from $123.00 to $127.00 in a research report on Wednesday, May 3rd. Robert W. Baird boosted their price objective on shares of Starbucks from $105.00 to $110.00 in a research report on Wednesday, May 3rd. Finally, BTIG Research boosted their target price on shares of Starbucks from $120.00 to $125.00 in a report on Wednesday, May 3rd. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and an average price target of $110.31.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $99.06 on Friday. Starbucks Co. has a fifty-two week low of $75.73 and a fifty-two week high of $115.48. The business has a 50-day simple moving average of $102.96 and a two-hundred day simple moving average of $103.44. The firm has a market cap of $113.56 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96.

Starbucks (NASDAQ:SBUX – Free Report) last issued its earnings results on Tuesday, May 2nd. The coffee company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Starbucks had a negative return on equity of 41.99% and a net margin of 10.46%. The business had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Starbucks’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts predict that Starbucks Co. will post 3.43 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, August 10th. Starbucks’s payout ratio is currently 68.83%.

About Starbucks

(Free Report)

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.

Read More

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:SBUX – Free Report).

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.