Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,674 shares of the coffee company’s stock after acquiring an additional 5,653 shares during the quarter. Toth Financial Advisory Corp’s holdings in Starbucks were worth $4,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in shares of Starbucks by 73.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 43,633 shares of the coffee company’s stock worth $3,397,000 after purchasing an additional 18,420 shares during the last quarter. Fred Alger Management LLC lifted its stake in shares of Starbucks by 3.7% during the second quarter. Fred Alger Management LLC now owns 42,650 shares of the coffee company’s stock valued at $3,320,000 after buying an additional 1,503 shares during the period. Daymark Wealth Partners LLC boosted its position in Starbucks by 21.8% during the second quarter. Daymark Wealth Partners LLC now owns 14,254 shares of the coffee company’s stock worth $1,110,000 after acquiring an additional 2,552 shares during the last quarter. MBB Public Markets I LLC grew its stake in Starbucks by 2,424.2% in the 2nd quarter. MBB Public Markets I LLC now owns 80,346 shares of the coffee company’s stock worth $6,255,000 after acquiring an additional 77,163 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in Starbucks by 142.8% in the 2nd quarter. Maverick Capital Ltd. now owns 1,425,353 shares of the coffee company’s stock valued at $110,964,000 after acquiring an additional 838,195 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the company’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 completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is currently owned by insiders.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $98.81 on Friday. The firm has a market cap of $112.03 billion, a price-to-earnings ratio of 29.85, 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 $103.32. The stock’s 50-day simple moving average is $95.66 and its 200-day simple moving average is $92.25.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, research analysts predict that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Dividend Announcement

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 issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is currently 73.72%.

Wall Street Analyst Weigh In

SBUX has been the topic of several analyst reports. UBS Group raised their price objective on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Barclays decreased their target price on shares of Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wedbush decreased their price target on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday. Three research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.92.

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.