Starbucks Co. (NASDAQ:SBUX) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,028 shares of the coffee company’s stock after acquiring an additional 3,330 shares during the period. Foundations Investment Advisors LLC’s holdings in Starbucks were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. AdvisorNet Financial Inc raised its holdings in shares of Starbucks by 45.5% in the 1st quarter. AdvisorNet Financial Inc now owns 2,024 shares of the coffee company’s stock worth $185,000 after purchasing an additional 633 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Starbucks by 18.7% in the 1st quarter. Brookstone Capital Management now owns 22,345 shares of the coffee company’s stock worth $2,042,000 after purchasing an additional 3,516 shares in the last quarter. Aspiriant LLC raised its holdings in shares of Starbucks by 4.0% in the 1st quarter. Aspiriant LLC now owns 5,539 shares of the coffee company’s stock worth $506,000 after purchasing an additional 211 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Starbucks by 21.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,929 shares of the coffee company’s stock worth $907,000 after purchasing an additional 1,766 shares in the last quarter. Finally, ERn Financial LLC raised its holdings in shares of Starbucks by 4.1% in the 1st quarter. ERn Financial LLC now owns 4,514 shares of the coffee company’s stock worth $413,000 after purchasing an additional 177 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SBUX shares. BTIG Research boosted their price target on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein upgraded shares of Starbucks from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $92.00 to $115.00 in a report on Thursday, September 26th. Wedbush restated a “neutral” rating and set a $80.00 price target on shares of Starbucks in a report on Tuesday, August 13th. Stifel Nicolaus cut their price target on shares of Starbucks from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.48.

Starbucks Stock Up 0.9 %

SBUX stock opened at $97.65 on Thursday. The company has a market capitalization of $110.61 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.14 and a beta of 0.97. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The firm has a 50 day moving average of $95.38 and a two-hundred day moving average of $84.89.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. Starbucks’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. On average, research analysts expect that Starbucks Co. will post 3.55 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.61 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, November 15th. Starbucks’s dividend payout ratio is currently 62.81%.

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.