Starbucks Co. (NASDAQ:SBUX) Shares Acquired by First Financial Corp IN

First Financial Corp IN grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,229 shares of the coffee company’s stock after buying an additional 342 shares during the quarter. First Financial Corp IN’s holdings in Starbucks were worth $933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thoroughbred Financial Services LLC increased its stake in Starbucks by 63.4% during the second quarter. Thoroughbred Financial Services LLC now owns 14,164 shares of the coffee company’s stock valued at $1,102,000 after purchasing an additional 5,498 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Starbucks during the 2nd quarter valued at about $41,000. Waycross Partners LLC raised its stake in Starbucks by 11.5% during the second quarter. Waycross Partners LLC now owns 176,614 shares of the coffee company’s stock worth $13,749,000 after acquiring an additional 18,264 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Starbucks by 8.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,649,493 shares of the coffee company’s stock worth $206,279,000 after acquiring an additional 207,156 shares during the last quarter. Finally, One Capital Management LLC boosted its stake in Starbucks by 21.6% in the second quarter. One Capital Management LLC now owns 62,712 shares of the coffee company’s stock valued at $4,882,000 after acquiring an additional 11,133 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares in the company, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by company insiders.

Starbucks Price Performance

Shares of SBUX opened at $93.51 on Tuesday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The stock has a market capitalization of $106.02 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.86 and a beta of 0.99. The firm’s 50 day moving average is $96.06 and its 200-day moving average is $91.24.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.61%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of research reports. TD Cowen reiterated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Bank of America cut their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Citigroup upped their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $103.77.

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.