Winthrop Advisory Group LLC Has $1.02 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Winthrop Advisory Group LLC grew its position in Starbucks Co. (NASDAQ:SBUX) by 25.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,159 shares of the coffee company’s stock after buying an additional 2,263 shares during the period. Winthrop Advisory Group LLC’s holdings in Starbucks were worth $1,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Starbucks in the 2nd quarter worth $25,000. DT Investment Partners LLC boosted its position 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 purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Starbucks in the 3rd quarter worth $49,000. Friedenthal Financial bought a new position in shares of Starbucks in the 3rd quarter worth $50,000. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Starbucks in the 2nd quarter worth $41,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup lifted their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada began coverage on Starbucks in a research report on Friday, November 15th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.77.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares in the company, valued at approximately $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.0 %

NASDAQ SBUX traded down $0.03 on Monday, hitting $92.22. 759,838 shares of the company’s stock were exchanged, compared to its average volume of 6,037,377. The stock has a 50-day moving average of $96.13 and a 200-day moving average of $91.13. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The stock has a market cap of $104.56 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 2.86 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, analysts predict that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.65%. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

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.