9,276 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC bought a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,276 shares of the coffee company’s stock, valued at approximately $891,000.

A number of other hedge funds have also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Starbucks by 481.9% during the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after acquiring an additional 1,281,471 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after purchasing an additional 7,619 shares during the last quarter. Tyche Wealth Partners LLC acquired a new stake in Starbucks in the fourth quarter valued at $794,000. Insigneo Advisory Services LLC raised its position in Starbucks by 60.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock worth $864,000 after purchasing an additional 3,570 shares during the last quarter. Finally, Motco lifted its holdings in Starbucks by 1.1% during the 3rd quarter. Motco now owns 74,829 shares of the coffee company’s stock worth $6,830,000 after buying an additional 811 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks 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 owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 7,250 shares of company stock valued at $651,738. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SBUX. Citigroup lowered their price objective on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research report on Friday, April 19th. Stephens reiterated an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. BTIG Research dropped their target price on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Finally, Stifel Nicolaus cut their price target on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Starbucks currently has an average rating of “Hold” and an average target price of $106.55.

Starbucks Trading Up 0.5 %

NASDAQ SBUX traded up $0.41 during trading hours on Friday, hitting $88.25. The company’s stock had a trading volume of 7,185,257 shares, compared to its average volume of 7,387,159. The company’s 50-day simple moving average is $90.36 and its two-hundred day simple moving average is $94.27. The company has a market capitalization of $99.92 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. Starbucks Co. has a 52 week low of $84.29 and a 52 week high of $115.48.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s payout ratio is currently 60.96%.

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.