iSAM Funds UK Ltd Acquires Shares of 8,837 Starbucks Corporation $SBUX

iSAM Funds UK Ltd bought a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,837 shares of the coffee company’s stock, valued at approximately $810,000.

Other large investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new stake in Starbucks during the 2nd quarter worth about $25,000. Transce3nd LLC grew its position in shares of Starbucks by 270.3% during the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after buying an additional 200 shares during the period. Chelsea Counsel Co. bought a new stake in shares of Starbucks during the second quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC lifted its holdings in Starbucks by 125.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after buying an additional 159 shares during the period. Finally, MTM Investment Management LLC acquired a new position in Starbucks in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent research reports. Piper Sandler dropped their target price on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. UBS Group set a $94.00 price objective on Starbucks and gave the company a “neutral” rating in a report on Tuesday, October 21st. Mizuho upgraded Starbucks to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada set a $100.00 price target on Starbucks and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Dbs Bank lowered shares of Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.44.

Starbucks Price Performance

NASDAQ SBUX opened at $82.28 on Wednesday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The firm has a market cap of $93.56 billion, a P/E ratio of 50.17, a P/E/G ratio of 1.70 and a beta of 0.98. The stock’s 50-day moving average is $84.07 and its 200-day moving average is $87.71.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Starbucks had a net margin of 4.99% and a negative return on equity of 31.32%. The business had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Starbucks’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. Starbucks’s dividend payout ratio is currently 151.22%.

Insider Activity at Starbucks

In related news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director owned 53,096 shares of the company’s stock, valued at $4,513,160. The trade was a 28.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% 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.