Starbucks Corporation $SBUX Stock Holdings Boosted by Three Seasons Wealth LLC

Three Seasons Wealth LLC increased its position in Starbucks Corporation (NASDAQ:SBUX) by 300.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,220 shares of the coffee company’s stock after acquiring an additional 6,916 shares during the period. Three Seasons Wealth LLC’s holdings in Starbucks were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBUX. Norges Bank bought a new position in Starbucks in the 2nd quarter worth about $1,246,316,000. Corient Private Wealth LLC grew its holdings in Starbucks by 146.6% in the 2nd quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock worth $553,201,000 after buying an additional 3,596,014 shares in the last quarter. Invesco Ltd. grew its holdings in Starbucks by 11.2% in the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after buying an additional 1,286,451 shares in the last quarter. California Public Employees Retirement System increased its position in Starbucks by 68.0% in the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock valued at $277,439,000 after acquiring an additional 1,225,447 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Starbucks by 22.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after acquiring an additional 1,026,056 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.6%

Shares of Starbucks stock opened at $85.08 on Monday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The stock has a market cap of $96.74 billion, a PE ratio of 51.88, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The business has a fifty day simple moving average of $84.83 and a 200-day simple moving average of $87.51.

Starbucks (NASDAQ:SBUX) last announced 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 negative return on equity of 31.32% and a net margin of 4.99%.The business had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors 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 dividend on an annualized basis and a yield of 2.9%. Starbucks’s payout ratio is presently 151.22%.

Insider Buying and Selling

In related news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the company’s stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the purchase, the director owned 53,096 shares in the company, valued at $4,513,160. This represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SBUX shares. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. Morgan Stanley set a $105.00 price objective on shares of Starbucks and gave the stock an “overweight” rating in a report on Monday, October 20th. Mizuho raised Starbucks to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, UBS Group set a $94.00 price target on Starbucks and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $101.44.

Starbucks Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.