Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Wynn Capital LLC

Wynn Capital LLC raised its stake in Starbucks Co. (NASDAQ:SBUX) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,152 shares of the coffee company’s stock after acquiring an additional 305 shares during the quarter. Wynn Capital LLC’s holdings in Starbucks were worth $926,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SBUX. Exeter Financial LLC increased its stake in shares of Starbucks by 2.0% during the 4th quarter. Exeter Financial LLC now owns 16,218 shares of the coffee company’s stock valued at $1,480,000 after acquiring an additional 324 shares during the last quarter. Marcum Wealth LLC increased its position in Starbucks by 5.5% during the 4th quarter. Marcum Wealth LLC now owns 10,059 shares of the coffee company’s stock worth $918,000 after purchasing an additional 521 shares in the last quarter. Traveka Wealth LLC lifted its position in Starbucks by 23.5% during the fourth quarter. Traveka Wealth LLC now owns 2,547 shares of the coffee company’s stock valued at $232,000 after buying an additional 484 shares in the last quarter. First Financial Corp IN grew its stake in Starbucks by 3.5% during the fourth quarter. First Financial Corp IN now owns 10,229 shares of the coffee company’s stock worth $933,000 after buying an additional 342 shares during the period. Finally, Signet Financial Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $661,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 0.5 %

Shares of NASDAQ SBUX opened at $93.07 on Wednesday. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The business has a 50 day simple moving average of $95.98 and a 200-day simple moving average of $91.34. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32.

Starbucks (NASDAQ:SBUX) last posted 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 company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 earnings per share. As a group, equities analysts predict that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.62%. Starbucks’s dividend payout ratio is presently 73.72%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BTIG Research lifted their target price on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group cut Starbucks from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Citigroup raised their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.98% of the stock is owned by corporate insiders.

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.