Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,727 shares of the coffee company’s stock after purchasing an additional 152 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Starbucks were worth $2,278,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBUX. Victory Capital Management Inc. lifted its position in shares of Starbucks by 9.6% during the third quarter. Victory Capital Management Inc. now owns 1,187,658 shares of the coffee company’s stock worth $108,398,000 after purchasing an additional 104,234 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Starbucks by 0.4% during the third quarter. Los Angeles Capital Management LLC now owns 383,042 shares of the coffee company’s stock worth $34,960,000 after purchasing an additional 1,349 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Starbucks by 3.1% in the third quarter. Nicholas Hoffman & Company LLC. now owns 5,381 shares of the coffee company’s stock valued at $491,000 after acquiring an additional 162 shares in the last quarter. LGT Group Foundation raised its holdings in Starbucks by 6.0% in the third quarter. LGT Group Foundation now owns 84,448 shares of the coffee company’s stock valued at $7,696,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Wrapmanager Inc. acquired a new stake in Starbucks in the third quarter valued at $209,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The disclosure for this sale can be found here. Insiders sold 7,750 shares of company stock worth $642,050 in the last 90 days. Corporate insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

Shares of Starbucks stock traded up $0.56 during trading on Friday, hitting $78.87. 10,746,166 shares of the stock were exchanged, compared to its average volume of 17,810,700. The stock’s fifty day moving average is $84.08 and its 200 day moving average is $91.79. The stock has a market cap of $89.34 billion, a PE ratio of 21.73, a P/E/G ratio of 1.71 and a beta of 0.97. Starbucks Co. has a 12 month low of $71.80 and a 12 month high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its 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). The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Sell-side analysts anticipate that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.89%. Starbucks’s dividend payout ratio is presently 62.81%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Citigroup cut their price target on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wedbush cut their price target on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Finally, Stifel Nicolaus dropped their target price on shares of Starbucks from $90.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.