Starbucks Co. (NASDAQ:SBUX) Stock Holdings Boosted by Private Advisor Group LLC

Private Advisor Group LLC increased its position in Starbucks Co. (NASDAQ:SBUX) by 1.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 118,946 shares of the coffee company’s stock after acquiring an additional 1,418 shares during the period. Private Advisor Group LLC’s holdings in Starbucks were worth $11,596,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. AdvisorNet Financial Inc increased its holdings in shares of Starbucks by 45.5% in the first quarter. AdvisorNet Financial Inc now owns 2,024 shares of the coffee company’s stock valued at $185,000 after buying an additional 633 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of Starbucks by 18.7% in the first quarter. Brookstone Capital Management now owns 22,345 shares of the coffee company’s stock worth $2,042,000 after buying an additional 3,516 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Starbucks by 21.6% in the first 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 in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Starbucks during the first quarter valued at approximately $5,136,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Starbucks by 43.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,701 shares of the coffee company’s stock valued at $795,000 after acquiring an additional 2,622 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In related news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction on 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were 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 in the company, valued at approximately $5,697,682.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares of the company’s stock, valued at $7,057,327.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Starbucks from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $118.00 in a research report on Wednesday, August 14th. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and lowered their price target for the company from $80.00 to $76.00 in a report on Tuesday, September 24th. BTIG Research increased their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Evercore ISI upgraded shares of Starbucks from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $80.00 to $120.00 in a research report on Wednesday, August 14th. Finally, Wedbush restated a “neutral” rating and set a $80.00 price target on shares of Starbucks in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.48.

Starbucks Stock Down 0.5 %

Shares of SBUX opened at $97.15 on Friday. The stock’s 50-day moving average price is $95.38 and its 200 day moving average price is $84.89. The firm has a market capitalization of $110.09 billion, a price-to-earnings ratio of 27.21, 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.

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

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.61 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 15th. Starbucks’s dividend payout ratio is currently 63.87%.

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.