Hillsdale Investment Management Inc. Purchases 150 Shares of Starbucks Co. (NASDAQ:SBUX)

Hillsdale Investment Management Inc. boosted its position in Starbucks Co. (NASDAQ:SBUX) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,419 shares of the coffee company’s stock after purchasing an additional 150 shares during the period. Hillsdale Investment Management Inc.’s holdings in Starbucks were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. First National Trust Co increased its holdings in Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock valued at $483,000 after buying an additional 106 shares during the period. Quent Capital LLC increased its holdings in Starbucks by 2.8% during the fourth quarter. Quent Capital LLC now owns 4,004 shares of the coffee company’s stock valued at $384,000 after buying an additional 108 shares during the period. Graybill Wealth Management LTD. increased its holdings in Starbucks by 0.3% during the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock valued at $3,849,000 after buying an additional 109 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in Starbucks by 10.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,246 shares of the coffee company’s stock valued at $120,000 after buying an additional 113 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Starbucks by 24.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 598 shares of the coffee company’s stock valued at $57,000 after buying an additional 118 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 3.4 %

Shares of Starbucks stock traded down $2.72 during trading hours on Monday, reaching $76.55. The stock had a trading volume of 17,747,647 shares, compared to its average volume of 10,637,453. The firm has a market capitalization of $86.71 billion, a PE ratio of 21.09, a PEG ratio of 1.80 and a beta of 0.94. The stock’s 50 day moving average is $78.00 and its 200 day moving average is $85.66. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $107.66.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts predict that Starbucks Co. will post 3.57 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.98%. Starbucks’s dividend payout ratio is currently 62.81%.

Insider Transactions at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Rachel Ruggeri sold 3,750 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The disclosure for this sale can be found here. Insiders sold 7,250 shares of company stock valued at $579,375 over the last 90 days. Corporate insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Starbucks from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Starbucks from $89.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, July 16th. Wells Fargo & Company cut their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. BTIG Research cut their price target on shares of Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, TD Cowen cut their price target on shares of Starbucks from $85.00 to $81.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $91.71.

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.