4,301 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,301 shares of the coffee company’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SBUX. ORG Wealth Partners LLC purchased a new position in shares of Starbucks during the 3rd quarter valued at $195,000. Grove Bank & Trust grew its stake in Starbucks by 21.3% in the third quarter. Grove Bank & Trust now owns 1,401 shares of the coffee company’s stock valued at $137,000 after purchasing an additional 246 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in Starbucks by 2.1% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 10,094 shares of the coffee company’s stock worth $984,000 after purchasing an additional 204 shares during the last quarter. Hayek Kallen Investment Management raised its stake in shares of Starbucks by 3.5% during the 3rd quarter. Hayek Kallen Investment Management now owns 13,001 shares of the coffee company’s stock worth $1,267,000 after purchasing an additional 441 shares in the last quarter. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Starbucks by 10.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 3,220 shares of the coffee company’s stock valued at $314,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SBUX has been the topic of a number of research reports. Citigroup increased their price objective on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley increased their price target on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wedbush lifted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Three investment 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 company’s stock. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Price Performance

NASDAQ SBUX opened at $111.03 on Wednesday. The company’s fifty day moving average is $97.32 and its two-hundred day moving average is $95.10. The firm has a market capitalization of $126.12 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $112.62.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the firm earned $0.90 EPS. As a group, sell-side analysts expect that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. Starbucks’s payout ratio is 78.71%.

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.