Strategic Blueprint LLC Has $264,000 Position in Starbucks Co. (NASDAQ:SBUX)

Strategic Blueprint LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 34.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,890 shares of the coffee company’s stock after buying an additional 745 shares during the quarter. Strategic Blueprint LLC’s holdings in Starbucks were worth $264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Hantz Financial Services Inc. grew its stake in shares of Starbucks by 5.0% in the 4th quarter. Hantz Financial Services Inc. now owns 79,927 shares of the coffee company’s stock valued at $7,293,000 after purchasing an additional 3,791 shares during the period. Asset Dedication LLC grew its position in Starbucks by 6.9% in the fourth quarter. Asset Dedication LLC now owns 12,940 shares of the coffee company’s stock valued at $1,181,000 after acquiring an additional 832 shares during the period. R Squared Ltd acquired a new position in Starbucks during the fourth quarter worth $172,000. Twelve Points Wealth Management LLC lifted its holdings in shares of Starbucks by 63.5% during the fourth quarter. Twelve Points Wealth Management LLC now owns 11,620 shares of the coffee company’s stock valued at $1,060,000 after acquiring an additional 4,514 shares during the period. Finally, Foster Group Inc. boosted its stake in shares of Starbucks by 4.0% in the 4th quarter. Foster Group Inc. now owns 2,885 shares of the coffee company’s stock valued at $263,000 after purchasing an additional 110 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 1.2 %

NASDAQ:SBUX opened at $107.68 on Friday. The firm has a market capitalization of $122.31 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 3.47 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $110.34. The business’s 50-day moving average price is $96.19 and its two-hundred day moving average price is $93.36.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.30%. During the same quarter last year, the business posted $0.90 EPS. Sell-side analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is currently 78.71%.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares in the company, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBUX. Bank of America cut their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Barclays lifted their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wedbush boosted their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

About Starbucks

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.