Starbucks Co. (NASDAQ:SBUX) Shares Acquired by HBW Advisory Services LLC

Share on StockTwits

HBW Advisory Services LLC raised its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 27.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,602 shares of the coffee company’s stock after buying an additional 8,054 shares during the period. Starbucks makes up 1.3% of HBW Advisory Services LLC’s portfolio, making the stock its 22nd biggest position. HBW Advisory Services LLC’s holdings in Starbucks were worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SBUX. HighMark Wealth Management LLC increased its stake in Starbucks by 351.9% during the 2nd quarter. HighMark Wealth Management LLC now owns 366 shares of the coffee company’s stock valued at $27,000 after buying an additional 285 shares during the period. AlphaMark Advisors LLC increased its stake in Starbucks by 175.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 372 shares of the coffee company’s stock valued at $27,000 after buying an additional 237 shares during the period. Centerpoint Advisors LLC increased its stake in Starbucks by 4,644.4% during the 2nd quarter. Centerpoint Advisors LLC now owns 427 shares of the coffee company’s stock valued at $31,000 after buying an additional 418 shares during the period. Shine Investment Advisory Services Inc. increased its stake in Starbucks by 63.5% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 453 shares of the coffee company’s stock valued at $33,000 after buying an additional 176 shares during the period. Finally, Atticus Wealth Management LLC acquired a new position in Starbucks during the 2nd quarter valued at about $37,000. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

SBUX has been the subject of several research reports. Oppenheimer raised their price objective on shares of Starbucks from $85.00 to $101.00 and gave the company an “outperform” rating in a research report on Monday, October 5th. UBS Group raised their price objective on shares of Starbucks from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley raised their price objective on shares of Starbucks from $79.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday. ValuEngine lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Finally, MKM Partners raised their price objective on shares of Starbucks from $74.00 to $79.00 in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.73.

NASDAQ SBUX opened at $88.52 on Friday. The company has a 50 day simple moving average of $86.35 and a 200-day simple moving average of $78.11. The firm has a market capitalization of $103.48 billion, a price-to-earnings ratio of 79.75, a price-to-earnings-growth ratio of 6.38 and a beta of 0.81. Starbucks Co. has a 52-week low of $50.02 and a 52-week high of $94.13.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, July 28th. The coffee company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.15. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.14 billion. Starbucks had a net margin of 5.56% and a negative return on equity of 22.26%. The firm’s revenue was down 38.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 0.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Starbucks’s previous quarterly dividend of $0.41. Starbucks’s dividend payout ratio (DPR) is presently 57.95%.

In related news, Director Myron E. Ullman III sold 4,252 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $84.77, for a total transaction of $360,442.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin R. Johnson sold 107,762 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $90.08, for a total transaction of $9,707,200.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 153,764 shares of company stock worth $13,404,656. Insiders own 0.41% of the company’s stock.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Recommended Story: How analysts view the yield curve

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Intel Co.  Shares Sold by Ziegler Capital Management LLC
Intel Co. Shares Sold by Ziegler Capital Management LLC
LexAurum Advisors LLC Has $438,000 Holdings in PepsiCo, Inc.
LexAurum Advisors LLC Has $438,000 Holdings in PepsiCo, Inc.
D. B. Root & Company LLC Has $449,000 Stock Holdings in PepsiCo, Inc.
D. B. Root & Company LLC Has $449,000 Stock Holdings in PepsiCo, Inc.
Fulcrum Asset Management LLP Makes New Investment in Pfizer Inc.
Fulcrum Asset Management LLP Makes New Investment in Pfizer Inc.
PepsiCo, Inc.  Shares Acquired by Aevitas Wealth Management Inc.
PepsiCo, Inc. Shares Acquired by Aevitas Wealth Management Inc.
Marino Stram & Associates LLC Has $2.05 Million Holdings in PepsiCo, Inc.
Marino Stram & Associates LLC Has $2.05 Million Holdings in PepsiCo, Inc.


 
© 2006-2020 Zolmax.