Motiv8 Investments LLC Raises Position in Starbucks Co. (NASDAQ:SBUX)

Motiv8 Investments LLC grew its position in Starbucks Co. (NASDAQ:SBUX) by 33.8% during the 2nd quarter, Holdings Channel reports. The fund owned 7,478 shares of the coffee company’s stock after buying an additional 1,887 shares during the quarter. Motiv8 Investments LLC’s holdings in Starbucks were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cox Capital Mgt LLC lifted its stake in shares of Starbucks by 41.9% in the first quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock valued at $4,142,000 after purchasing an additional 13,372 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Starbucks in the fourth quarter valued at about $2,781,000. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Starbucks in the fourth quarter valued at about $31,246,000. Fidelis Capital Partners LLC lifted its stake in shares of Starbucks by 18.7% in the first quarter. Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock valued at $1,016,000 after purchasing an additional 1,751 shares during the period. Finally, Bell & Brown Wealth Advisors LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $4,048,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the transaction, the chief executive officer now directly owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders sold a total of 9,790 shares of company stock worth $865,514 over the last ninety days. 1.98% of the stock is owned by company insiders.

Starbucks Stock Performance

Starbucks stock traded down $0.41 during trading on Friday, reaching $91.15. The company had a trading volume of 9,257,004 shares, compared to its average volume of 11,966,935. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The stock’s 50 day moving average price is $82.41 and its two-hundred day moving average price is $83.94. The firm has a market capitalization of $103.25 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.26 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. Starbucks’s revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that Starbucks Co. will post 3.56 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, August 16th. This represents a $2.28 annualized dividend and a yield of 2.50%. Starbucks’s dividend payout ratio is currently 62.81%.

Analyst Ratings Changes

Several analysts recently commented on SBUX shares. The Goldman Sachs Group assumed coverage on shares of Starbucks in a research note on Thursday, June 13th. They issued a “buy” rating and a $100.00 price objective for the company. DZ Bank cut shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Wednesday, August 21st. Barclays lifted their target price on shares of Starbucks from $93.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. cut their target price on shares of Starbucks from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.42.

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.