PFG Investments LLC Has $1.84 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

PFG Investments LLC cut its position in Starbucks Co. (NASDAQ:SBUX) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,122 shares of the coffee company’s stock after selling 683 shares during the quarter. PFG Investments LLC’s holdings in Starbucks were worth $1,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Narwhal Capital Management boosted its stake in shares of Starbucks by 3.6% during the 4th quarter. Narwhal Capital Management now owns 24,349 shares of the coffee company’s stock worth $2,222,000 after acquiring an additional 848 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Starbucks by 5.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 40,680 shares of the coffee company’s stock valued at $3,712,000 after purchasing an additional 2,242 shares during the last quarter. Stablepoint Partners LLC boosted its position in Starbucks by 2.0% during the fourth quarter. Stablepoint Partners LLC now owns 30,003 shares of the coffee company’s stock worth $2,738,000 after purchasing an additional 576 shares during the period. MKT Advisors LLC increased its holdings in shares of Starbucks by 10.4% in the fourth quarter. MKT Advisors LLC now owns 8,351 shares of the coffee company’s stock valued at $794,000 after purchasing an additional 789 shares during the last quarter. Finally, Avaii Wealth Management LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $280,000. 72.29% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.98% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $100.02 on Tuesday. The stock has a market capitalization of $113.40 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.91 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The stock has a fifty day moving average of $95.66 and a 200-day moving average of $92.53.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts forecast that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is currently 73.72%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday. Finally, UBS Group boosted their target price on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average target price of $104.08.

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.