Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Cwm LLC

Cwm LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,579 shares of the coffee company’s stock after purchasing an additional 17,578 shares during the period. Cwm LLC’s holdings in Starbucks were worth $7,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Riggs Asset Managment Co. Inc. lifted its stake in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Atticus Wealth Management LLC lifted its stake in Starbucks by 153.8% during the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Financial Connections Group Inc. acquired a new position in Starbucks during the 4th quarter worth about $38,000. Tennessee Valley Asset Management Partners acquired a new position in Starbucks during the 4th quarter worth about $38,000. Finally, Fortitude Family Office LLC acquired a new position in Starbucks during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 0.7 %

NASDAQ:SBUX opened at $88.18 on Tuesday. The stock’s 50 day moving average price is $90.80 and its 200 day moving average price is $94.42. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The company has a market capitalization of $99.84 billion, a PE ratio of 23.58, a P/E/G ratio of 1.42 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starbucks Co. will post 4.01 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Analyst Ratings Changes

SBUX has been the topic of several recent research reports. Barclays cut their price target on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. Jefferies Financial Group cut their price target on Starbucks from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. cut their price target on Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, March 19th. BMO Capital Markets cut their price target on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Finally, Citigroup cut their price target on Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.68.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 7,000 shares of company stock worth $629,738 over the last three months. 1.98% of the stock is currently owned by corporate insiders.

Starbucks 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.