Starbucks Co. (NASDAQ:SBUX) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,849 shares of the coffee company’s stock after purchasing an additional 4,689 shares during the period. Perigon Wealth Management LLC’s holdings in Starbucks were worth $3,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Starbucks during the second quarter worth approximately $25,000. DT Investment Partners LLC increased its holdings in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks during the 3rd quarter valued at approximately $49,000. Friedenthal Financial bought a new position in Starbucks during the third quarter worth $50,000. Finally, Capital Performance Advisors LLP acquired a new position in Starbucks in the third quarter worth $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday. Barclays lowered their target price on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. UBS Group raised their price target on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup upped their price objective on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $104.08.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.98% of the stock is currently owned by company insiders.

Starbucks Trading Up 0.4 %

Shares of NASDAQ SBUX opened at $100.46 on Wednesday. The firm has a 50-day moving average of $95.65 and a two-hundred day moving average of $92.71. The company has a market capitalization of $113.90 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.91 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. During the same period in the previous year, the company earned $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 3.08 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared 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 dividend yield of 2.43%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Starbucks Company 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.