PKO Investment Management Joint Stock Co Grows Stock Holdings in Starbucks Corporation $SBUX

PKO Investment Management Joint Stock Co increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the coffee company’s stock after purchasing an additional 10,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Starbucks were worth $3,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Game Plan Financial Advisors LLC acquired a new stake in shares of Starbucks during the second quarter valued at about $25,000. Transce3nd LLC boosted 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 purchasing an additional 200 shares during the period. Chelsea Counsel Co. purchased a new position in shares of Starbucks during the 2nd quarter worth approximately $26,000. MTM Investment Management LLC acquired a new stake in Starbucks in the 2nd quarter valued at approximately $28,000. Finally, PFS Partners LLC raised its position in Starbucks by 457.4% in the third quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Starbucks

In related news, Director Jorgen Vig Knudstorp acquired 11,700 shares of Starbucks stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of $85.00 per share, with a total value of $994,500.00. Following the purchase, the director directly owned 53,096 shares in the company, valued at approximately $4,513,160. The trade was a 28.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SBUX. Mizuho set a $86.00 price objective on Starbucks and gave the company a “neutral” rating in a research note on Friday. Sanford C. Bernstein set a $100.00 target price on Starbucks and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Starbucks in a research note on Monday, December 29th. Zacks Research cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.12.

Starbucks Trading Up 1.2%

Shares of SBUX stock opened at $89.96 on Tuesday. The company has a market cap of $102.29 billion, a P/E ratio of 54.85, a PEG ratio of 1.87 and a beta of 0.97. The firm has a fifty day moving average price of $85.31 and a 200 day moving average price of $87.06. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.62 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. Starbucks’s payout ratio is currently 151.22%.

About Starbucks

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.