Integrated Investment Consultants LLC Has $360,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Integrated Investment Consultants LLC grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 14.2% during the third quarter, Holdings Channel reports. The firm owned 3,691 shares of the coffee company’s stock after purchasing an additional 460 shares during the period. Integrated Investment Consultants LLC’s holdings in Starbucks were worth $360,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SBUX. Quent Capital LLC lifted its holdings in Starbucks by 9.6% in the 1st quarter. Quent Capital LLC now owns 4,389 shares of the coffee company’s stock worth $401,000 after purchasing an additional 385 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Starbucks in the first quarter worth $136,000. Kestra Advisory Services LLC boosted its holdings in shares of Starbucks by 18.8% during the 1st quarter. Kestra Advisory Services LLC now owns 147,695 shares of the coffee company’s stock worth $13,498,000 after buying an additional 23,326 shares during the period. London & Capital Asset Management Ltd grew its stake in Starbucks by 3.8% in the 1st quarter. London & Capital Asset Management Ltd now owns 402,640 shares of the coffee company’s stock valued at $36,797,000 after buying an additional 14,670 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its position in Starbucks by 34.6% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 19,510 shares of the coffee company’s stock worth $1,783,000 after acquiring an additional 5,010 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Starbucks

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. The trade was a 1.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

Starbucks Trading Up 2.4 %

NASDAQ SBUX opened at $102.50 on Friday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.60. The company has a 50 day moving average of $97.11 and a 200-day moving average of $87.00. The firm has a market cap of $116.21 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.90 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. On average, analysts forecast that Starbucks Co. will post 3.15 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.61 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.44 annualized dividend and a yield of 2.38%. Starbucks’s dividend payout ratio is 73.72%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SBUX shares. Stifel Nicolaus raised their price target on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. BTIG Research increased their price objective on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a research report on Monday, August 26th. Finally, Barclays reduced their price target 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.81.

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.