Financial Avengers Inc. Has $2.53 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Financial Avengers Inc. increased its position in shares of Starbucks Co. (NASDAQ:SBUXGet Rating) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,995 shares of the coffee company’s stock after acquiring an additional 3,373 shares during the quarter. Starbucks accounts for about 2.1% of Financial Avengers Inc.’s holdings, making the stock its 16th largest position. Financial Avengers Inc.’s holdings in Starbucks were worth $2,527,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kesler Norman & Wride LLC increased its holdings in Starbucks by 1.1% during the third quarter. Kesler Norman & Wride LLC now owns 10,444 shares of the coffee company’s stock worth $880,000 after buying an additional 115 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Starbucks by 1.0% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,963 shares of the coffee company’s stock worth $1,007,000 after buying an additional 116 shares during the last quarter. Hancock Whitney Corp increased its holdings in Starbucks by 1.2% during the second quarter. Hancock Whitney Corp now owns 9,649 shares of the coffee company’s stock worth $737,000 after buying an additional 117 shares during the last quarter. Fulton Bank N.A. boosted its position in Starbucks by 0.7% during the third quarter. Fulton Bank N.A. now owns 17,352 shares of the coffee company’s stock worth $1,462,000 after purchasing an additional 118 shares during the period. Finally, Howland Capital Management LLC boosted its position in Starbucks by 1.6% during the third quarter. Howland Capital Management LLC now owns 7,370 shares of the coffee company’s stock worth $621,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 69.16% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

SBUX has been the subject of a number of research analyst reports. BTIG Research lifted their price objective on shares of Starbucks from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, January 19th. Jefferies Financial Group cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, December 21st. Wedbush lifted their price objective on shares of Starbucks from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Starbucks from $100.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Finally, Credit Suisse Group lifted their price objective on shares of Starbucks from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.69.

Starbucks Trading Down 0.3 %

NASDAQ SBUX traded down $0.27 during trading on Wednesday, hitting $106.37. 803,799 shares of the company’s stock were exchanged, compared to its average volume of 6,115,625. The company has a market cap of $122.09 billion, a PE ratio of 37.82, a P/E/G ratio of 2.24 and a beta of 0.89. Starbucks Co. has a fifty-two week low of $68.39 and a fifty-two week high of $107.60. The stock’s 50 day moving average price is $101.74 and its two-hundred day moving average price is $91.93.

Starbucks (NASDAQ:SBUXGet Rating) last issued its earnings results on Thursday, November 3rd. The coffee company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $8.41 billion during the quarter, compared to the consensus estimate of $8.43 billion. Starbucks had a negative return on equity of 39.85% and a net margin of 10.18%. Analysts forecast that Starbucks Co. will post 3.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

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

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.

See Also

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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