Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 42.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,992 shares of the coffee company’s stock after acquiring an additional 7,706 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Starbucks were worth $2,372,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Starbucks by 8.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,649,493 shares of the coffee company’s stock valued at $206,279,000 after buying an additional 207,156 shares in the last quarter. One Capital Management LLC boosted its holdings in Starbucks by 21.6% in the second quarter. One Capital Management LLC now owns 62,712 shares of the coffee company’s stock worth $4,882,000 after purchasing an additional 11,133 shares during the period. Citizens Financial Group Inc. RI increased its stake in Starbucks by 31.3% during the second quarter. Citizens Financial Group Inc. RI now owns 21,617 shares of the coffee company’s stock valued at $1,683,000 after purchasing an additional 5,149 shares during the last quarter. MSA Advisors LLC lifted its position in shares of Starbucks by 20.9% in the 2nd quarter. MSA Advisors LLC now owns 357,829 shares of the coffee company’s stock worth $27,857,000 after buying an additional 61,900 shares during the last quarter. Finally, Excalibur Management Corp boosted its holdings in shares of Starbucks by 15.7% in the 2nd quarter. Excalibur Management Corp now owns 9,929 shares of the coffee company’s stock valued at $773,000 after buying an additional 1,344 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SBUX shares. Barclays cut their target price on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Redburn Atlantic reaffirmed 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. Citigroup boosted their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada began coverage on shares of Starbucks in a report on Friday, November 15th. They issued an “outperform” rating and a $115.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $103.77.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $93.07 on Wednesday. The company has a market capitalization of $105.52 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The stock has a fifty day moving average of $95.98 and a 200-day moving average of $91.34. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the business posted $1.06 EPS. Starbucks’s revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Starbucks Co. will post 3.11 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued 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 2.62%. Starbucks’s payout ratio is currently 73.72%.

Starbucks Company 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.