Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,250 shares of the coffee company’s stock after purchasing an additional 143 shares during the period. Founders Financial Securities LLC’s holdings in Starbucks were worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Willow Creek Wealth Management Inc. lifted its holdings in Starbucks by 3.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after buying an additional 97 shares during the last quarter. First National Trust Co boosted its stake in Starbucks by 2.2% in the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock valued at $483,000 after acquiring an additional 106 shares during the period. Quent Capital LLC boosted its position in Starbucks by 2.8% during the 4th quarter. Quent Capital LLC now owns 4,004 shares of the coffee company’s stock valued at $384,000 after purchasing an additional 108 shares during the period. Graybill Wealth Management LTD. increased its position in Starbucks by 0.3% in the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock worth $3,849,000 after buying an additional 109 shares during the period. Finally, Omega Financial Group LLC lifted its stake in Starbucks by 3.2% in the fourth quarter. Omega Financial Group LLC now owns 3,613 shares of the coffee company’s stock valued at $347,000 after buying an additional 113 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of NASDAQ SBUX traded down $1.39 during mid-day trading on Friday, hitting $77.85. 13,207,542 shares of the stock traded hands, compared to its average volume of 10,825,160. The firm has a 50 day simple moving average of $79.66 and a two-hundred day simple moving average of $88.02. The company has a market cap of $88.18 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.96. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period in the prior year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Starbucks Co. will post 3.59 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, August 16th. Starbucks’s payout ratio is 62.81%.

Insider Activity

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders sold a total of 10,750 shares of company stock valued at $878,893 over the last three months. Corporate insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of analyst reports. Guggenheim dropped their price objective on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Wedbush reaffirmed a “neutral” rating and issued a $81.00 price objective on shares of Starbucks in a report on Friday. Morgan Stanley dropped their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on Starbucks from $100.00 to $92.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, Piper Sandler decreased their price target on Starbucks from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Seventeen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.54.

Starbucks Company 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.