2,776 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC bought a new position in Starbucks Co. (NASDAQ:SBUX) during the first quarter, according to its most recent filing with the SEC. The firm bought 2,776 shares of the coffee company’s stock, valued at approximately $239,000.

A number of other large investors also recently modified their holdings of SBUX. Norges Bank purchased a new stake in shares of Starbucks during the 4th quarter valued at $1,240,652,000. Flossbach Von Storch AG increased its position in shares of Starbucks by 8,677.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after purchasing an additional 2,684,470 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Starbucks by 342.7% during the 4th quarter. Bank of Nova Scotia now owns 2,160,737 shares of the coffee company’s stock valued at $207,444,000 after purchasing an additional 1,672,656 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Starbucks by 432.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock valued at $195,825,000 after purchasing an additional 1,656,591 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Starbucks by 44.8% during the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after purchasing an additional 1,591,206 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 0.9 %

Shares of NASDAQ SBUX traded down $0.72 during trading hours on Monday, reaching $77.13. 6,763,647 shares of the stock traded hands, compared to its average volume of 10,416,702. The company has a market capitalization of $87.37 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94. Starbucks Co. has a 52-week low of $71.80 and a 52-week high of $107.66. The company’s 50-day simple moving average is $79.66 and its two-hundred day simple moving average is $87.95.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 3.59 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.96%. Starbucks’s dividend payout ratio is 62.81%.

Insider Activity at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,750 shares of company stock valued at $878,893. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Starbucks from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. UBS Group cut their price target on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their price target on Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. HSBC cut their price target on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Starbucks from a “buy” rating to a “hold” rating and cut their price target for the stock from $108.00 to $89.00 in a research note on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and an average target price of $94.54.

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.