Xponance Inc. Buys 467 Shares of Starbucks Co. (NASDAQ:SBUX)

Xponance Inc. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 267,000 shares of the coffee company’s stock after acquiring an additional 467 shares during the quarter. Xponance Inc.’s holdings in Starbucks were worth $25,635,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SBUX. Norges Bank bought a new stake in Starbucks during the 4th quarter valued at approximately $1,222,931,000. Moneta Group Investment Advisors LLC raised its holdings in Starbucks by 115,334.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,493,639 shares of the coffee company’s stock valued at $842,569,000 after acquiring an additional 8,486,281 shares in the last quarter. Morgan Stanley raised its holdings in Starbucks by 46.3% in the 4th quarter. Morgan Stanley now owns 26,718,368 shares of the coffee company’s stock valued at $2,650,462,000 after acquiring an additional 8,451,599 shares in the last quarter. Flossbach Von Storch AG raised its holdings in Starbucks by 8,677.8% in the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after acquiring an additional 2,684,470 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Starbucks in the 1st quarter valued at approximately $190,270,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SBUX shares. Piper Sandler cut their price target on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, January 19th. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Stephens reissued an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a report on Wednesday, January 31st. TD Cowen reissued a “hold” rating and issued a $100.00 target price on shares of Starbucks in a report on Thursday, April 11th. Finally, Jefferies Financial Group dropped their price target on Starbucks from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.43.

Insider Buying and Selling at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Monday, April 15th. The stock was 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 approximately $6,933,582.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 7,250 shares of company stock valued at $653,183 in the last ninety days. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Trading Up 1.1 %

Shares of Starbucks stock traded up $0.94 on Thursday, reaching $87.15. 11,368,020 shares of the company were exchanged, compared to its average volume of 8,377,338. Starbucks Co. has a one year low of $84.29 and a one year high of $115.48. The company has a market capitalization of $98.67 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.37 and a beta of 0.97. The company has a 50-day moving average of $91.33 and a 200 day moving average of $94.47.

Starbucks (NASDAQ:SBUX) last posted its 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). The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Analysts predict that Starbucks Co. will post 4.03 earnings per share for the current year.

Starbucks Dividend Announcement

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 issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is 60.96%.

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.