Valmark Advisers Inc. Has $1.04 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Valmark Advisers Inc. increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,857 shares of the coffee company’s stock after purchasing an additional 123 shares during the period. Valmark Advisers Inc.’s holdings in Starbucks were worth $1,042,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its position in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Atticus Wealth Management LLC raised its stake 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 worth $32,000 after acquiring an additional 200 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Starbucks in the fourth quarter worth about $36,000. Financial Connections Group Inc. bought a new position in shares of Starbucks in the fourth quarter worth about $38,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Starbucks in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 0.5 %

NASDAQ SBUX traded up $0.41 during trading on Friday, reaching $88.25. 7,185,257 shares of the stock traded hands, compared to its average volume of 7,387,159. Starbucks Co. has a fifty-two week low of $84.29 and a fifty-two week high of $115.48. The stock’s 50-day moving average price is $90.36 and its 200 day moving average price is $94.28. The firm has a market cap of $99.92 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97.

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 analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company 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 firm posted $0.75 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

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

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. BTIG Research dropped their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Barclays dropped their target price on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, Citigroup lowered their price target on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.55.

Insider Buying and Selling at Starbucks

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 value of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Company 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.