Baader Bank Aktiengesellschaft Raises Stock Position in Starbucks Co. (NASDAQ:SBUX)

Baader Bank Aktiengesellschaft boosted its position in Starbucks Co. (NASDAQ:SBUX) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,900 shares of the coffee company’s stock after buying an additional 721 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Starbucks were worth $1,542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBUX. Regal Investment Advisors LLC increased its stake in shares of Starbucks by 19.8% during the 2nd quarter. Regal Investment Advisors LLC now owns 9,888 shares of the coffee company’s stock worth $770,000 after purchasing an additional 1,634 shares in the last quarter. Truist Financial Corp increased its position in Starbucks by 21.8% during the 2nd quarter. Truist Financial Corp now owns 806,884 shares of the coffee company’s stock worth $62,816,000 after purchasing an additional 144,516 shares in the last quarter. 3Chopt Investment Partners LLC purchased a new stake in Starbucks during the 2nd quarter worth about $316,000. Farmers National Bank raised its stake in Starbucks by 4.7% in the 2nd quarter. Farmers National Bank now owns 61,181 shares of the coffee company’s stock valued at $4,763,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Starbucks in the 2nd quarter valued at about $25,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Price Performance

NASDAQ:SBUX opened at $108.58 on Thursday. The stock has a market cap of $123.11 billion, a P/E ratio of 32.80, a PEG ratio of 2.91 and a beta of 0.99. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $110.08. The firm has a 50-day moving average of $95.70 and a two-hundred day moving average of $92.89.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 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 quarter in the previous year, the company posted $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 3.08 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.25%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Insider Transactions at Starbucks

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SBUX shares. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. UBS Group raised their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. BTIG Research lifted their price target on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley boosted their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.52.

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.