2,208 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by All Terrain Financial Advisors LLC

All Terrain Financial Advisors LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,208 shares of the coffee company’s stock, valued at approximately $215,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quent Capital LLC increased its position in Starbucks by 9.6% in the 1st quarter. Quent Capital LLC now owns 4,389 shares of the coffee company’s stock valued at $401,000 after acquiring an additional 385 shares during the period. Waverly Advisors LLC increased its position in Starbucks by 128.8% in the 1st quarter. Waverly Advisors LLC now owns 11,994 shares of the coffee company’s stock valued at $1,096,000 after acquiring an additional 6,753 shares during the period. Industrial Alliance Investment Management Inc. increased its position in Starbucks by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the coffee company’s stock valued at $310,000 after acquiring an additional 143 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Starbucks by 3.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 63,205 shares of the coffee company’s stock valued at $5,769,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Alethea Capital Management LLC bought a new stake in shares of Starbucks in the 1st quarter valued at $462,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, Director Jorgen Vig Knudstorp acquired 380 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $91.50 per share, with a total value of $34,770.00. Following the purchase, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 1.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction 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 directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SBUX shares. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $80.00 to $76.00 in a research note on Tuesday, September 24th. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada began coverage on shares of Starbucks in a research note on Friday, November 15th. They set an “outperform” rating and a $115.00 target price on the stock. TD Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Finally, DZ Bank lowered shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.77.

Starbucks Stock Down 1.1 %

NASDAQ:SBUX traded down $1.17 during mid-day trading on Tuesday, hitting $100.67. 679,858 shares of the stock traded hands, compared to its average volume of 11,009,864. The business’s 50-day moving average price is $97.22 and its 200 day moving average price is $87.38. The company has a market cap of $114.14 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 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 analysts’ expectations of $9.60 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Starbucks Co. will post 3.12 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.57. Starbucks’s payout ratio is currently 73.72%.

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.