Bensler LLC Has $1.07 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Bensler LLC decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,726 shares of the coffee company’s stock after selling 3,683 shares during the quarter. Bensler LLC’s holdings in Starbucks were worth $1,070,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Starbucks by 3.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 19,118 shares of the coffee company’s stock worth $1,745,000 after purchasing an additional 600 shares during the last quarter. Aspire Capital Advisors LLC boosted its holdings in shares of Starbucks by 0.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company’s stock worth $2,118,000 after buying an additional 104 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Starbucks by 16.7% during the 4th quarter. Perigon Wealth Management LLC now owns 32,849 shares of the coffee company’s stock worth $3,102,000 after buying an additional 4,689 shares during the period. Curbstone Financial Management Corp boosted its holdings in shares of Starbucks by 1.8% during the 4th quarter. Curbstone Financial Management Corp now owns 12,732 shares of the coffee company’s stock worth $1,162,000 after buying an additional 222 shares during the period. Finally, IRON Financial LLC boosted its holdings in shares of Starbucks by 11.8% during the 4th quarter. IRON Financial LLC now owns 9,157 shares of the coffee company’s stock worth $836,000 after buying an additional 968 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Up 0.4 %

Shares of NASDAQ SBUX opened at $100.43 on Tuesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The company has a market cap of $113.87 billion, a PE ratio of 30.35, a P/E/G ratio of 2.91 and a beta of 0.99. The company has a 50-day moving average of $95.66 and a two-hundred day moving average of $92.53.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Starbucks Co. will post 3.08 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is presently 73.72%.

Analyst Ratings Changes

Several research firms recently issued reports on SBUX. Wedbush decreased their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays decreased their price objective on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BTIG Research upped their price objective on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $104.08.

Insiders Place Their Bets

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.98% of the company’s stock.

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.