First PREMIER Bank Has $591,000 Stake in Starbucks Co. (NASDAQ:SBUX)

First PREMIER Bank lowered its stake in Starbucks Co. (NASDAQ:SBUX) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,483 shares of the coffee company’s stock after selling 590 shares during the period. First PREMIER Bank’s holdings in Starbucks were worth $591,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Olistico Wealth LLC boosted its stake in Starbucks by 193.3% in the fourth quarter. Olistico Wealth LLC now owns 789 shares of the coffee company’s stock valued at $72,000 after acquiring an additional 520 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Starbucks by 1.6% in the fourth quarter. Wesbanco Bank Inc. now owns 133,461 shares of the coffee company’s stock valued at $12,178,000 after purchasing an additional 2,111 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Starbucks by 223.2% during the fourth quarter. SG Americas Securities LLC now owns 204,711 shares of the coffee company’s stock worth $18,680,000 after buying an additional 370,808 shares during the last quarter. Phillips Wealth Planners LLC grew its position in shares of Starbucks by 50.9% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,156 shares of the coffee company’s stock worth $476,000 after buying an additional 1,739 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new stake in shares of Starbucks in the 4th quarter valued at about $242,000. Institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other 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 transaction of $148,414.14. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.3 %

SBUX opened at $97.73 on Thursday. The stock’s fifty day simple moving average is $95.68 and its 200 day simple moving average is $92.04. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The stock has a market cap of $110.81 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.92 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $9.60 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. Starbucks’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that Starbucks Co. will post 3.09 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. Shareholders of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 73.72%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Royal Bank of Canada started coverage on Starbucks in a report on Friday, November 15th. They set an “outperform” rating and a $115.00 target price on the stock. BTIG Research increased their price target on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Wedbush cut their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

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.