Alpine Woods Capital Investors LLC Takes Position in Starbucks Co. (SBUX)
Alpine Woods Capital Investors LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) during the third quarter, Holdings Channel reports. The firm acquired 3,955 shares of the coffee company’s stock, valued at approximately $225,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Yorktown Management & Research Co Inc grew its holdings in shares of Starbucks by 11.1% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 20,000 shares of the coffee company’s stock worth $1,137,000 after acquiring an additional 2,000 shares during the last quarter. Providence Capital Advisors LLC grew its holdings in shares of Starbucks by 14.4% in the 3rd quarter. Providence Capital Advisors LLC now owns 41,200 shares of the coffee company’s stock worth $2,342,000 after acquiring an additional 5,200 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Starbucks in the 3rd quarter worth $1,309,000. Commonwealth Bank of Australia grew its holdings in shares of Starbucks by 15.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 87,913 shares of the coffee company’s stock worth $4,990,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Twin Capital Management Inc. grew its holdings in shares of Starbucks by 3.9% in the 3rd quarter. Twin Capital Management Inc. now owns 142,220 shares of the coffee company’s stock worth $8,084,000 after acquiring an additional 5,380 shares during the last quarter. 71.14% of the stock is currently owned by institutional investors.
In other Starbucks news, Director Javier G. Teruel sold 166,666 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $52.70, for a total value of $8,783,298.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 99,166 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total value of $5,459,088.30. Following the completion of the transaction, the director now owns 29,000 shares in the company, valued at approximately $1,596,450. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
Shares of NASDAQ SBUX opened at $67.18 on Wednesday. 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 one year low of $47.37 and a one year high of $68.98. The stock has a market capitalization of $91.95 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.91 and a beta of 0.48.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Starbucks Co. will post 2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.14%. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.
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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