Fiera Capital Corp Has $363,000 Stock Position in Starbucks Corporation $SBUX

Fiera Capital Corp cut its holdings in Starbucks Corporation (NASDAQ:SBUX) by 93.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,965 shares of the coffee company’s stock after selling 52,375 shares during the period. Fiera Capital Corp’s holdings in Starbucks were worth $363,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new stake in Starbucks in the 2nd quarter valued at $25,000. Chelsea Counsel Co. bought a new position in shares of Starbucks in the 2nd quarter valued at about $26,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 159 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Starbucks in the first quarter valued at about $29,000. Finally, Nova Wealth Management Inc. raised its holdings in Starbucks by 285.4% during the first quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Starbucks from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Citigroup cut their price objective on Starbucks from $84.00 to $83.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Loop Capital set a $165.00 target price on shares of Starbucks in a research note on Tuesday, August 12th. BTIG Research restated a “buy” rating and set a $105.00 target price on shares of Starbucks in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.44.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the transaction, the director directly owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Starbucks Price Performance

SBUX stock opened at $84.78 on Friday. The stock has a market cap of $96.37 billion, a price-to-earnings ratio of 51.70, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02. The company has a fifty day moving average price of $83.76 and a two-hundred day moving average price of $87.58. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.The company had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s payout ratio is 151.22%.

Starbucks 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.