4,672 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by HF Advisory Group LLC

HF Advisory Group LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,672 shares of the coffee company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Freedom Wealth Alliance LLC bought a new position in shares of Starbucks in the fourth quarter valued at $26,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Atticus Wealth Management LLC increased its holdings in shares of Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in shares of Starbucks in the second quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Starbucks in the first quarter valued at $37,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.1 %

NASDAQ SBUX opened at $87.15 on Friday. The stock has a market cap of $98.67 billion, a P/E ratio of 23.30, a PEG ratio of 1.39 and a beta of 0.97. The company’s 50-day simple moving average is $91.14 and its 200 day simple moving average is $94.42. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data 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). The firm had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share. Research analysts anticipate that Starbucks Co. will post 4.03 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.62%. Starbucks’s dividend payout ratio is 60.96%.

Analyst Ratings Changes

SBUX has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. Wedbush reiterated a “neutral” rating and set a $95.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Robert W. Baird lowered their price objective on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. TD Cowen restated a “hold” rating and set a $100.00 price target on shares of Starbucks in a report on Thursday, April 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $102.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average price target of $107.43.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 7,250 shares of company stock valued at $653,183. 1.98% of the stock is currently owned by insiders.

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.