Clifford Swan Investment Counsel LLC Grows Stock Position in Starbucks Co. (NASDAQ:SBUX)

Clifford Swan Investment Counsel LLC raised its stake in shares of Starbucks Co. (NASDAQ:SBUX – Get Rating) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 161,094 shares of the coffee company’s stock after buying an additional 1,157 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Starbucks were worth $13,574,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SBUX. Gradient Capital Advisors LLC increased its stake in shares of Starbucks by 14.8% in the 3rd quarter. Gradient Capital Advisors LLC now owns 3,057 shares of the coffee company’s stock valued at $258,000 after purchasing an additional 393 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in shares of Starbucks by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 730,897 shares of the coffee company’s stock valued at $61,585,000 after purchasing an additional 7,099 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in shares of Starbucks by 16.8% in the 3rd quarter. Schechter Investment Advisors LLC now owns 9,019 shares of the coffee company’s stock valued at $760,000 after purchasing an additional 1,294 shares in the last quarter. XML Financial LLC increased its stake in shares of Starbucks by 5.9% in the 3rd quarter. XML Financial LLC now owns 6,538 shares of the coffee company’s stock valued at $551,000 after purchasing an additional 367 shares in the last quarter. Finally, ICW Investment Advisors LLC increased its stake in shares of Starbucks by 0.7% in the 3rd quarter. ICW Investment Advisors LLC now owns 21,179 shares of the coffee company’s stock valued at $1,785,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 69.16% of the company’s stock.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.14 during trading hours on Wednesday, reaching $106.50. 428,683 shares of the company were exchanged, compared to its average volume of 6,092,180. Starbucks Co. has a 1 year low of $68.39 and a 1 year high of $107.60. The stock’s fifty day moving average is $101.74 and its 200 day moving average is $91.93. The firm has a market cap of $122.24 billion, a PE ratio of 37.82, a PEG ratio of 2.24 and a beta of 0.89.

Starbucks (NASDAQ:SBUX – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The coffee company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Starbucks had a negative return on equity of 39.85% and a net margin of 10.18%. The business had revenue of $8.41 billion for the quarter, compared to analyst estimates of $8.43 billion. Research analysts expect that Starbucks Co. will post 3.42 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 9th. Starbucks’s dividend payout ratio is currently 75.18%.

Insider Transactions at Starbucks

In related news, insider Michael Aaron Conway sold 15,320 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $99.14, for a total value of $1,518,824.80. Following the transaction, the insider now owns 68,579 shares of the company’s stock, valued at $6,798,922.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael Aaron Conway sold 15,320 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $99.14, for a total value of $1,518,824.80. Following the transaction, the insider now owns 68,579 shares of the company’s stock, valued at $6,798,922.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clara Shih sold 7,000 shares of the stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $103.29, for a total value of $723,030.00. Following the completion of the transaction, the director now directly owns 13,661 shares in the company, valued at approximately $1,411,044.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,280 shares of company stock valued at $2,663,595. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBUX shares. BTIG Research lifted their price target on Starbucks from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, January 19th. Barclays boosted their price objective on Starbucks from $105.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Cowen boosted their price objective on Starbucks from $104.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 4th. Evercore ISI boosted their price objective on Starbucks from $95.00 to $97.00 in a research note on Friday, November 4th. Finally, StockNews.com upgraded Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $105.69.

Starbucks Profile

(Get Rating)

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean.