TCI Wealth Advisors Inc. increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,332 shares of the coffee company’s stock after buying an additional 1,238 shares during the period. TCI Wealth Advisors Inc.’s holdings in Starbucks were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Starbucks by 6.6% in the first quarter. Principal Financial Group Inc. now owns 5,043,587 shares of the coffee company’s stock valued at $291,975,000 after purchasing an additional 312,720 shares during the period. Capital Investment Advisors LLC increased its holdings in Starbucks by 19.4% in the second quarter. Capital Investment Advisors LLC now owns 6,742 shares of the coffee company’s stock valued at $329,000 after purchasing an additional 1,095 shares during the period. Raymond James Trust N.A. increased its holdings in Starbucks by 6.2% in the second quarter. Raymond James Trust N.A. now owns 40,346 shares of the coffee company’s stock valued at $1,971,000 after purchasing an additional 2,369 shares during the period. CX Institutional acquired a new stake in Starbucks during the 2nd quarter worth about $682,000. Finally, Community Bank N.A. grew its holdings in Starbucks by 62.9% during the 2nd quarter. Community Bank N.A. now owns 6,343 shares of the coffee company’s stock worth $310,000 after acquiring an additional 2,450 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.

SBUX stock opened at $68.60 on Friday. The stock has a market cap of $91.95 billion, a PE ratio of 28.17, a P/E/G ratio of 1.91 and a beta of 0.48. The company has a current ratio of 2.20, a quick ratio of 1.95 and a debt-to-equity ratio of 7.73. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $68.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 2.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.10%. Starbucks’s dividend payout ratio (DPR) is presently 59.50%.

A number of brokerages have weighed in on SBUX. UBS Group downgraded Starbucks from a “hold” rating to a “sell” rating in a report on Monday, November 5th. DZ Bank downgraded Starbucks to a “sell” rating in a report on Monday, November 5th. Mizuho upgraded Starbucks from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $75.00 in a report on Monday, November 5th. Barclays increased their price target on Starbucks from $56.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, November 2nd. Finally, BMO Capital Markets increased their price target on Starbucks from $51.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $63.48.

In related news, insider Rosalind G. Brewer acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were bought at an average price of $54.04 per share, with a total value of $270,200.00. Following the transaction, the insider now directly owns 7,302 shares of the company’s stock, valued at $394,600.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Myron E. Ullman III sold 15,000 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $53.98, for a total transaction of $809,700.00. Following the transaction, the director now directly owns 29,000 shares in the company, valued at approximately $1,565,420. The disclosure for this sale can be found here. Insiders have sold a total of 280,832 shares of company stock worth $15,052,087 in the last three months. Insiders own 3.40% of the company’s stock.

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Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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