Appleton Partners Inc. MA Has $363,000 Position in Starbucks Co. (NASDAQ:SBUX)

Appleton Partners Inc. MA boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,320 shares of the coffee company’s stock after purchasing an additional 477 shares during the quarter. Appleton Partners Inc. MA’s holdings in Starbucks were worth $363,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. JNB Advisors LLC raised its stake in Starbucks by 1.9% in the 4th quarter. JNB Advisors LLC now owns 5,093 shares of the coffee company’s stock valued at $545,000 after acquiring an additional 96 shares during the period. Resource Management LLC lifted its position in Starbucks by 1.8% in the 4th quarter. Resource Management LLC now owns 5,660 shares of the coffee company’s stock worth $605,000 after buying an additional 98 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its position in Starbucks by 0.7% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 13,764 shares of the coffee company’s stock valued at $1,472,000 after purchasing an additional 100 shares during the last quarter. Clean Yield Group lifted its position in Starbucks by 12.2% in the fourth quarter. Clean Yield Group now owns 918 shares of the coffee company’s stock valued at $98,000 after purchasing an additional 100 shares during the last quarter. Finally, Harvey Capital Management Inc. raised its holdings in shares of Starbucks by 0.6% during the fourth quarter. Harvey Capital Management Inc. now owns 16,100 shares of the coffee company’s stock valued at $1,722,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.27% of the company’s stock.

In related news, EVP Rachel A. Gonzalez sold 82,894 shares of Starbucks stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $109.50, for a total transaction of $9,076,893.00. Following the completion of the transaction, the executive vice president now directly owns 78,905 shares in the company, valued at approximately $8,640,097.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin R. Johnson sold 170,000 shares of Starbucks stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $111.07, for a total value of $18,881,900.00. Following the transaction, the chief executive officer now owns 515,934 shares of the company’s stock, valued at $57,304,789.38. The disclosure for this sale can be found here. Insiders sold a total of 406,184 shares of company stock worth $44,685,798 in the last ninety days. 0.41% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on SBUX shares. MKM Partners increased their target price on Starbucks from $105.00 to $117.00 in a research note on Thursday. Argus increased their price objective on Starbucks from $116.00 to $132.00 and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group increased their target price on Starbucks from $114.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. Wells Fargo & Company raised their price objective on Starbucks from $120.00 to $126.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Cowen raised their price objective on Starbucks from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 18th. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Starbucks has an average rating of “Buy” and an average target price of $112.38.

Starbucks stock opened at $115.92 on Friday. Starbucks Co. has a 1-year low of $70.65 and a 1-year high of $118.98. The stock has a market cap of $136.47 billion, a PE ratio of 150.55, a P/E/G ratio of 2.67 and a beta of 0.82. The stock’s fifty day moving average is $110.26 and its two-hundred day moving average is $101.95.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Monday, January 25th. The coffee company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. Starbucks had a negative return on equity of 18.07% and a net margin of 3.95%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the company posted $0.79 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Co. will post 2.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Thursday, May 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, May 12th. Starbucks’s dividend payout ratio is presently 153.85%.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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