Aaron Wealth Advisors LLC Grows Position in Starbucks Co. (NASDAQ:SBUX)

Aaron Wealth Advisors LLC boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,512 shares of the coffee company’s stock after acquiring an additional 182 shares during the period. Aaron Wealth Advisors LLC’s holdings in Starbucks were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBUX. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Starbucks in the fourth quarter worth about $322,000. Astoria Portfolio Advisors LLC. increased its stake in Starbucks by 1.9% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 6,916 shares of the coffee company’s stock worth $644,000 after acquiring an additional 131 shares during the last quarter. Smith Salley Wealth Management raised its holdings in shares of Starbucks by 3.0% during the 4th quarter. Smith Salley Wealth Management now owns 37,660 shares of the coffee company’s stock worth $3,437,000 after acquiring an additional 1,112 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of Starbucks by 529.9% during the 4th quarter. Financial Management Professionals Inc. now owns 4,869 shares of the coffee company’s stock valued at $444,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Starbucks by 12.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 22,427 shares of the coffee company’s stock valued at $2,046,000 after purchasing an additional 2,488 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $95.13 on Monday. The company has a market cap of $107.86 billion, a PE ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32. The business has a 50-day simple moving average of $95.84 and a two-hundred day simple moving average of $91.60.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.56%. Starbucks’s payout ratio is currently 73.72%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. UBS Group lifted their price target on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Bank of America decreased their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

About Starbucks

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.