Silvia Mccoll Wealth Management LLC Invests $239,000 in Starbucks Co. (NASDAQ:SBUX)

Silvia Mccoll Wealth Management LLC purchased a new position in Starbucks Co. (NASDAQ:SBUX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,776 shares of the coffee company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Scarborough Advisors LLC purchased a new position in Starbucks during the 4th quarter worth $26,000. Vima LLC purchased a new position in Starbucks during the 4th quarter worth $26,000. DSM Capital Partners LLC purchased a new position in Starbucks during the 4th quarter worth $27,000. Fairman Group LLC purchased a new position in Starbucks during the 4th quarter worth $30,000. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SBUX shares. Morgan Stanley dropped their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut Starbucks from a “buy” rating to a “hold” rating and dropped their target price for the company from $108.00 to $89.00 in a research report on Wednesday, May 1st. UBS Group dropped their target price on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their target price on Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus dropped their target price on Starbucks from $90.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Seventeen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.54.

Insider Activity

In other 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 value of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 value of $277,517.50. Following the completion of the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the business’s 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 directly 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 a total of 10,750 shares of company stock valued at $878,893 in the last quarter. 1.98% of the stock is currently owned by company insiders.

Starbucks Price Performance

SBUX traded down $0.72 on Monday, reaching $77.13. 6,763,647 shares of the stock were exchanged, compared to its average volume of 10,416,702. The company’s 50-day moving average price is $79.66 and its 200 day moving average price is $87.95. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $107.66. The firm has a market capitalization of $87.37 billion, a PE ratio of 21.27, a PEG ratio of 1.70 and a beta of 0.94.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.96%. Starbucks’s dividend payout ratio (DPR) is presently 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.