Park Capital Management LLC WI Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Park Capital Management LLC WI bought a new position in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 3,307 shares of the coffee company’s stock, valued at approximately $302,000.

A number of other large investors have also recently made changes to their positions in SBUX. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter worth about $25,000. Collier Financial bought a new stake in shares of Starbucks in the 4th quarter worth about $27,000. DT Investment Partners LLC increased its holdings in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Starbucks in the 3rd quarter worth about $49,000. Finally, Friedenthal Financial bought a new stake in shares of Starbucks in the 3rd quarter worth about $50,000. 72.29% of the stock is currently owned by institutional investors.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the 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 completion of the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

Shares of SBUX opened at $113.04 on Thursday. The company has a 50 day moving average price of $97.51 and a 200-day moving average price of $95.37. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $113.19. The stock has a market capitalization of $128.40 billion, a PE ratio of 36.46, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. Equities research analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

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 given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.16%. Starbucks’s payout ratio is 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research reports. TD Cowen restated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup upped their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.