Traveka Wealth LLC Has $232,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Traveka Wealth LLC raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,547 shares of the coffee company’s stock after buying an additional 484 shares during the period. Traveka Wealth LLC’s holdings in Starbucks were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Financial Corp IN boosted its stake in Starbucks by 3.5% in the fourth quarter. First Financial Corp IN now owns 10,229 shares of the coffee company’s stock worth $933,000 after purchasing an additional 342 shares in the last quarter. Signet Financial Management LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $661,000. PFW Advisors LLC acquired a new position in Starbucks during the 4th quarter worth about $2,002,000. Miracle Mile Advisors LLC grew its holdings in Starbucks by 56.3% during the 4th quarter. Miracle Mile Advisors LLC now owns 99,823 shares of the coffee company’s stock worth $9,109,000 after acquiring an additional 35,952 shares during the last quarter. Finally, Northstar Advisory Group LLC increased its position in Starbucks by 227.4% in the 4th quarter. Northstar Advisory Group LLC now owns 26,975 shares of the coffee company’s stock valued at $2,461,000 after acquiring an additional 18,737 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. Bank of America decreased their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Redburn Atlantic reissued a “sell” rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. BTIG Research boosted their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada initiated coverage on Starbucks in a report on Friday, November 15th. They issued an “outperform” rating and a $115.00 price target on the stock. Finally, UBS Group boosted their price objective on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.77.

Starbucks Price Performance

Shares of Starbucks stock opened at $93.51 on Tuesday. The firm has a market cap of $106.02 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The stock’s 50-day moving average is $96.06 and its 200-day moving average is $91.24. Starbucks Co. has a one year low of $71.55 and a one year high of $103.32.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 EPS. On average, equities analysts expect that Starbucks Co. will post 3.11 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.61%. Starbucks’s payout ratio is currently 73.72%.

About Starbucks

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.