Burford Brothers Inc. Has $679,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Burford Brothers Inc. lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 57.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,444 shares of the coffee company’s stock after purchasing an additional 2,724 shares during the period. Burford Brothers Inc.’s holdings in Starbucks were worth $679,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. DT Investment Partners LLC grew 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 valued at $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC bought a new position in Starbucks during the third quarter worth about $49,000. Friedenthal Financial acquired a new position in Starbucks in the third quarter valued at about $50,000. Capital Performance Advisors LLP bought a new stake in shares of Starbucks in the third quarter worth about $71,000. Finally, Prestige Wealth Management Group LLC raised its position in shares of Starbucks by 61.0% during the third quarter. Prestige Wealth Management Group LLC now owns 726 shares of the coffee company’s stock worth $71,000 after purchasing an additional 275 shares during the period. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SBUX. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. BTIG Research boosted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Bank of America lowered their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average target price of $105.33.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on 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 in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Starbucks Price Performance

SBUX opened at $107.68 on Monday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $110.34. The firm has a market capitalization of $122.31 billion, a P/E ratio of 34.74, a PEG ratio of 3.40 and a beta of 1.00. The company’s 50-day moving average is $96.19 and its 200 day moving average is $93.48.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate 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 company posted $0.90 EPS. On average, equities research analysts expect that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is presently 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.