Personal Capital Advisors Corp grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,443 shares of the coffee company’s stock after purchasing an additional 29,474 shares during the quarter. Personal Capital Advisors Corp owned about 0.05% of Starbucks worth $41,051,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Starbucks by 130.6% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 66,852 shares of the coffee company’s stock worth $4,305,000 after buying an additional 37,866 shares during the last quarter. Daiwa SB Investments Ltd. increased its holdings in Starbucks by 9.0% in the 4th quarter. Daiwa SB Investments Ltd. now owns 10,380 shares of the coffee company’s stock valued at $668,000 after purchasing an additional 860 shares during the last quarter. First Financial Corp IN increased its holdings in Starbucks by 8.1% in the 4th quarter. First Financial Corp IN now owns 17,585 shares of the coffee company’s stock valued at $1,132,000 after purchasing an additional 1,322 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Starbucks in the 4th quarter valued at approximately $1,100,000. Finally, Windsor Group LTD acquired a new stake in Starbucks in the 4th quarter valued at approximately $306,000. 75.62% of the stock is currently owned by institutional investors and hedge funds.
In other Starbucks news, EVP Vivek C. Varma sold 73,242 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $68.36, for a total transaction of $5,006,823.12. Following the transaction, the executive vice president now owns 140,882 shares of the company’s stock, valued at $9,630,693.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Clifford Burrows sold 152,634 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the transaction, the insider now directly owns 311,083 shares in the company, valued at approximately $20,910,999.26. The disclosure for this sale can be found here. Insiders have sold 444,972 shares of company stock worth $30,358,876 in the last three months. Insiders own 3.98% of the company’s stock.
Several equities analysts have commented on SBUX shares. Bank of America set a $68.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Friday, November 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 price objective on shares of Starbucks in a research report on Friday, November 2nd. UBS Group set a $72.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research report on Friday, November 2nd. BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, ValuEngine raised shares of Starbucks from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Starbucks has a consensus rating of “Hold” and a consensus target price of $67.01.
SBUX traded up $0.61 on Friday, hitting $69.75. 8,861,515 shares of the company were exchanged, compared to its average volume of 12,590,079. The company has a current ratio of 1.41, a quick ratio of 1.95 and a debt-to-equity ratio of 7.73. Starbucks Co. has a fifty-two week low of $47.37 and a fifty-two week high of $69.82. The firm has a market capitalization of $86.74 billion, a P/E ratio of 28.82, a PEG ratio of 2.00 and a beta of 0.48.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, January 24th. The coffee company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.49 billion. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Analysts predict that Starbucks Co. will post 2.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Thursday, February 7th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, February 6th. Starbucks’s payout ratio is 59.50%.
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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