Kiley Juergens Wealth Management LLC Decreases Stake in Starbucks Co. (NASDAQ:SBUX)

Kiley Juergens Wealth Management LLC lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,673 shares of the coffee company’s stock after selling 516 shares during the period. Starbucks accounts for approximately 2.7% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Starbucks were worth $10,646,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bridges Investment Management Inc. boosted its holdings in Starbucks by 21.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 4,312 shares of the coffee company’s stock valued at $336,000 after purchasing an additional 747 shares during the last quarter. AE Wealth Management LLC grew its position in Starbucks by 42.1% in the second quarter. AE Wealth Management LLC now owns 23,099 shares of the coffee company’s stock worth $1,798,000 after acquiring an additional 6,841 shares during the period. Pacer Advisors Inc. increased its stake in Starbucks by 0.9% during the second quarter. Pacer Advisors Inc. now owns 134,130 shares of the coffee company’s stock worth $10,442,000 after acquiring an additional 1,182 shares during the last quarter. Holderness Investments Co. raised its position in Starbucks by 8.1% in the second quarter. Holderness Investments Co. now owns 3,748 shares of the coffee company’s stock valued at $292,000 after purchasing an additional 280 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of Starbucks by 8,935.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 14,096 shares of the coffee company’s stock valued at $1,097,000 after purchasing an additional 13,940 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SBUX shares. BTIG Research lifted their price target on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. UBS Group lifted their price objective on shares of Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup raised their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley lifted their target price on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $95.13 on Tuesday. The firm has a market capitalization of $107.86 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The business’s 50 day simple moving average is $95.84 and its 200-day simple moving average is $91.71. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3.1 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is currently 73.72%.

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.