Orion Portfolio Solutions LLC Has $22.94 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Orion Portfolio Solutions LLC raised its position in Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 243,570 shares of the coffee company’s stock after acquiring an additional 4,294 shares during the period. Orion Portfolio Solutions LLC’s holdings in Starbucks were worth $22,942,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Starbucks during the fourth quarter worth approximately $1,240,652,000. Flossbach Von Storch AG boosted its stake in shares of Starbucks by 8,677.8% in the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after purchasing an additional 2,684,470 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Starbucks by 432.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock worth $195,825,000 after buying an additional 1,656,591 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Starbucks during the third quarter worth $147,125,000. Finally, Nordea Investment Management AB boosted its position in Starbucks by 44.8% during the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after acquiring an additional 1,591,206 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 4,000 shares of company stock valued at $342,050. 1.98% of the stock is owned by company insiders.

Starbucks Stock Up 0.7 %

Shares of NASDAQ SBUX traded up $0.56 during trading on Friday, reaching $78.87. The company had a trading volume of 10,742,320 shares, compared to its average volume of 10,282,116. Starbucks Co. has a 12-month low of $71.80 and a 12-month high of $107.66. The business’s 50-day moving average is $84.31 and its 200 day moving average is $92.05. The stock has a market cap of $89.34 billion, a PE ratio of 21.64, a P/E/G ratio of 1.76 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts anticipate that Starbucks Co. will post 3.59 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.89%. Starbucks’s dividend payout ratio is currently 62.81%.

Analyst Ratings Changes

SBUX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut Starbucks from a “buy” rating to a “hold” rating and decreased their target price for the stock from $108.00 to $89.00 in a research note on Wednesday, May 1st. Guggenheim cut their price objective on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group dropped their price target on Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley cut their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Robert W. Baird lowered their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Seventeen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $96.43.

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.