2,602 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Atwater Malick LLC

Atwater Malick LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,602 shares of the coffee company’s stock, valued at approximately $287,000.

Other large investors have also bought and sold shares of the company. Joseph P. Lucia & Associates LLC boosted its position in Starbucks by 132.7% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 256 shares of the coffee company’s stock worth $29,000 after buying an additional 146 shares during the period. Isthmus Partners LLC acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $31,000. Danda Trouve Investment Management Inc. acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $36,000. WD Rutherford LLC lifted its position in shares of Starbucks by 39.6% in the 2nd quarter. WD Rutherford LLC now owns 370 shares of the coffee company’s stock worth $41,000 after purchasing an additional 105 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Starbucks in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 68.27% of the company’s stock.

In other news, EVP Gina Woods sold 4,030 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $113.41, for a total value of $457,042.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Aaron Conway sold 47,088 shares of the stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $111.50, for a total transaction of $5,250,312.00. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

NASDAQ SBUX traded up $0.39 during trading on Thursday, hitting $113.97. 4,464,304 shares of the company’s stock traded hands, compared to its average volume of 6,062,163. The stock has a market capitalization of $134.38 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 1.60 and a beta of 0.84. Starbucks Co. has a 12-month low of $95.92 and a 12-month high of $126.32. The business has a 50 day moving average of $112.55 and a 200-day moving average of $114.44.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, October 28th. The coffee company reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.22 billion. Starbucks had a net margin of 14.45% and a negative return on equity of 55.34%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, research analysts expect that Starbucks Co. will post 3.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 25th. Shareholders of record on Friday, February 11th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, February 10th. Starbucks’s dividend payout ratio (DPR) is presently 55.21%.

A number of research analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Starbucks from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Wedbush dropped their target price on shares of Starbucks from $132.00 to $128.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. UBS Group dropped their target price on shares of Starbucks from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, October 29th. Stifel Nicolaus downgraded shares of Starbucks from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $112.00 in a research report on Friday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, October 11th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $123.00.

Starbucks Company Profile

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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