Monument Capital Management Has $559,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Monument Capital Management increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,825 shares of the coffee company’s stock after acquiring an additional 972 shares during the period. Monument Capital Management’s holdings in Starbucks were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SBUX. Flossbach Von Storch AG boosted its position in shares of Starbucks by 8,677.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock worth $260,706,000 after acquiring an additional 2,684,470 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Starbucks in the 3rd quarter valued at approximately $147,125,000. Nordea Investment Management AB lifted its stake in Starbucks by 44.8% in the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after purchasing an additional 1,591,206 shares during the last quarter. Cerity Partners LLC lifted its stake in Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Starbucks by 32.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,679,621 shares of the coffee company’s stock valued at $427,109,000 after purchasing an additional 1,154,020 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of several analyst reports. Stephens reaffirmed an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Wedbush restated a “neutral” rating and issued a $95.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Wells Fargo & Company restated an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a report on Monday, April 1st. Jefferies Financial Group decreased their target price on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Finally, Piper Sandler decreased their target price on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.68.

Insider Buying and Selling

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 7,000 shares of company stock valued at $629,738. Company insiders own 1.98% of the company’s stock.

Starbucks Trading Up 0.7 %

Shares of SBUX stock opened at $88.18 on Tuesday. The stock has a market capitalization of $99.84 billion, a P/E ratio of 23.58, a PEG ratio of 1.42 and a beta of 0.98. The firm’s 50 day moving average is $90.80 and its 200 day moving average is $94.42. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. On average, equities analysts predict that Starbucks Co. will post 4.01 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

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.