Charles Schwab Trust Co Boosts Position in Starbucks Co. (NASDAQ:SBUX)

Charles Schwab Trust Co raised its position in Starbucks Co. (NASDAQ:SBUX) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,445 shares of the coffee company’s stock after buying an additional 188 shares during the quarter. Charles Schwab Trust Co’s holdings in Starbucks were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SBUX. Strategic Investment Solutions Inc. IL purchased a new stake in Starbucks in the 2nd quarter valued at approximately $25,000. DT Investment Partners LLC boosted its stake in shares of Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Starbucks during the third quarter worth $49,000. Friedenthal Financial acquired a new stake in Starbucks in the third quarter valued at $50,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Starbucks during the 3rd quarter worth $71,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % 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 owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on SBUX shares. Barclays dropped their target price on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Wells Fargo & Company raised 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. Finally, Wedbush reduced their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

Starbucks Trading Up 0.7 %

Shares of NASDAQ SBUX opened at $95.13 on Tuesday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The company has a market cap of $107.86 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The stock’s 50 day simple moving average is $95.84 and its 200 day simple moving average is $91.71.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business posted $1.06 EPS. Starbucks’s revenue was down 3.2% on a year-over-year basis. As a group, equities analysts forecast that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced 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 of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.56%. Starbucks’s payout ratio is 73.72%.

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.