Aspire Capital Advisors LLC Has $2.12 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Aspire Capital Advisors LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,210 shares of the coffee company’s stock after buying an additional 104 shares during the period. Aspire Capital Advisors LLC’s holdings in Starbucks were worth $2,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks in the 2nd quarter valued at approximately $25,000. DT Investment Partners LLC boosted its stake in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. FSA Wealth Management LLC bought a new position in Starbucks during the 3rd quarter valued at about $49,000. Friedenthal Financial acquired a new position in Starbucks in the third quarter valued at about $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $71,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

SBUX stock opened at $99.74 on Tuesday. The business’s fifty day moving average price is $95.66 and its two-hundred day moving average price is $92.53. The stock has a market capitalization of $113.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.91 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.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the firm earned $1.06 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given 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 2.45%. Starbucks’s dividend payout ratio (DPR) is currently 73.72%.

Insider Buying and Selling at Starbucks

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SBUX shares. 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. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday. Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday. Bank of America cut their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, BTIG Research boosted their price objective on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $104.08.

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.