Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 130.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,852 shares of the coffee company’s stock after buying an additional 37,866 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Starbucks were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Highwater Wealth Management LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $28,000. Polaris Greystone Financial Group LLC purchased a new stake in shares of Starbucks during the 3rd quarter worth $107,000. Resources Management Corp CT ADV purchased a new stake in shares of Starbucks during the 3rd quarter worth $134,000. Chicago Partners Investment Group LLC lifted its position in Starbucks by 52.5% in the second quarter. Chicago Partners Investment Group LLC now owns 2,941 shares of the coffee company’s stock valued at $144,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Taylor Hoffman Wealth Management lifted its position in Starbucks by 83.8% in the third quarter. Taylor Hoffman Wealth Management now owns 3,437 shares of the coffee company’s stock valued at $195,000 after acquiring an additional 1,567 shares during the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
A number of brokerages recently weighed in on SBUX. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Monday, January 28th. BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. BMO Capital Markets lifted their price objective on shares of Starbucks to $63.00 and gave the company a “market perform” rating in a research note on Friday, December 14th. They noted that the move was a valuation call. Piper Jaffray Companies boosted their price target on shares of Starbucks from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Starbucks to $68.00 and gave the stock a “positive” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the stock. Starbucks has an average rating of “Hold” and a consensus price target of $67.01.
In related news, EVP Vivek C. Varma sold 73,242 shares of Starbucks stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $68.36, for a total value of $5,006,823.12. Following the sale, the executive vice president now directly owns 140,882 shares in the company, valued at approximately $9,630,693.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Culver sold 169,096 shares of Starbucks stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $68.81, for a total transaction of $11,635,495.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,972 shares of company stock worth $30,358,876. Insiders own 3.98% of the company’s stock.
Shares of Starbucks stock traded up $0.61 during trading hours on Friday, hitting $69.75. The company’s stock had a trading volume of 8,861,515 shares, compared to its average volume of 12,590,079. 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 Co. has a 1-year low of $47.37 and a 1-year high of $69.82. The company has a quick ratio of 1.95, a current ratio of 1.41 and a debt-to-equity ratio of 7.73.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts expect that Starbucks Co. will post 2.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.06%. Starbucks’s payout ratio is currently 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.
Recommended Story: How does inflation affect different investments?