International Assets Investment Management LLC Has $73.35 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

International Assets Investment Management LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 11,217.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 752,355 shares of the coffee company’s stock after acquiring an additional 745,707 shares during the period. International Assets Investment Management LLC owned about 0.07% of Starbucks worth $73,347,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SBUX. Brookstone Capital Management grew its position in Starbucks by 18.7% during the 1st quarter. Brookstone Capital Management now owns 22,345 shares of the coffee company’s stock worth $2,042,000 after acquiring an additional 3,516 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Starbucks by 21.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,929 shares of the coffee company’s stock worth $907,000 after acquiring an additional 1,766 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Starbucks during the 1st quarter worth approximately $58,000. Symphony Financial Ltd. Co. grew its position in Starbucks by 4.3% during the 1st quarter. Symphony Financial Ltd. Co. now owns 4,397 shares of the coffee company’s stock worth $402,000 after acquiring an additional 182 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its position in Starbucks by 2.3% in the 1st quarter. Founders Financial Securities LLC now owns 6,250 shares of the coffee company’s stock valued at $571,000 after buying an additional 143 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total value of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Jorgen Vig Knudstorp bought 380 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the completion of the transaction, the director now owns 36,242 shares in the company, valued at $3,316,143. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

Starbucks Price Performance

SBUX opened at $97.31 on Friday. The business’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $85.03. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $107.66. The company has a market capitalization of $110.22 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 2.14 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the business posted $1.00 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts anticipate that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.61 dividend. This is an increase from Starbucks’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, November 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.51%. Starbucks’s dividend payout ratio (DPR) is currently 67.22%.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of recent research reports. BTIG Research increased their price objective on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $80.00 to $120.00 in a research report on Wednesday, August 14th. Sanford C. Bernstein upgraded Starbucks from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $92.00 to $115.00 in a research report on Thursday, September 26th. Finally, Stifel Nicolaus decreased their price objective on Starbucks from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.48.

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.