Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 121,024 shares of the coffee company’s stock after buying an additional 6,192 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Starbucks were worth $11,619,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Orca Investment Management LLC boosted its stake in Starbucks by 6.6% during the fourth quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock valued at $719,000 after buying an additional 466 shares in the last quarter. Cerity Partners LLC boosted its stake in Starbucks by 481.9% during the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after buying an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC boosted its stake in Starbucks by 15.4% during the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after buying an additional 7,619 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in Starbucks during the fourth quarter valued at about $794,000. Finally, Insigneo Advisory Services LLC boosted its stake in Starbucks by 60.6% during the third quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock valued at $864,000 after buying an additional 3,570 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SBUX. Guggenheim decreased their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Stephens reiterated an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Stifel Nicolaus decreased their price target on Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Wedbush decreased their price target on Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday. Finally, TD Cowen reiterated a “hold” rating and issued a $100.00 price target on shares of Starbucks in a research report on Thursday, April 11th. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Starbucks currently has an average rating of “Hold” and an average target price of $106.55.

Starbucks Stock Up 0.2 %

Shares of SBUX stock traded up $0.16 during trading hours on Tuesday, reaching $88.49. 14,368,134 shares of the company’s stock were exchanged, compared to its average volume of 8,439,514. Starbucks Co. has a fifty-two week low of $84.29 and a fifty-two week high of $115.48. The stock has a market capitalization of $100.19 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.48 and a beta of 0.98. The business has a fifty day moving average price of $90.27 and a 200-day moving average price of $94.27.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.13). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.58%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Insider Transactions at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 7,250 shares of company stock worth $651,738 over the last three months. 1.98% of the stock is currently owned by 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.