Beaumont Financial Advisors LLC Purchases 183 Shares of Starbucks Co. (NASDAQ:SBUX)

Beaumont Financial Advisors LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUXFree Report) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,355 shares of the coffee company’s stock after purchasing an additional 183 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Starbucks were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quilter Plc bought a new stake in Starbucks in the first quarter worth $208,530,000. Freedom Wealth Alliance LLC bought a new stake in Starbucks in the fourth quarter worth $26,000. WFA of San Diego LLC bought a new stake in Starbucks in the second quarter worth $30,000. Moser Wealth Advisors LLC bought a new stake in Starbucks in the second quarter worth $30,000. Finally, Solstein Capital LLC boosted its holdings in Starbucks by 67.4% in the second quarter. Solstein Capital LLC now owns 318 shares of the coffee company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. 70.13% of the stock is currently owned by institutional investors.

Starbucks Stock Down 1.0 %

NASDAQ SBUX opened at $91.77 on Thursday. The firm has a market cap of $104.31 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The business has a 50-day moving average price of $97.91 and a 200-day moving average price of $97.36. Starbucks Co. has a twelve month low of $89.21 and a twelve month high of $115.48.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. Starbucks had a negative return on equity of 48.79% and a net margin of 11.47%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts expect that Starbucks Co. will post 4.13 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, February 8th. Starbucks’s payout ratio is presently 63.69%.

Insider Activity at Starbucks

In related news, insider Michael Aaron Conway sold 6,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $104.77, for a total transaction of $681,005.00. Following the completion of the transaction, the insider now directly owns 72,822 shares of the company’s stock, valued at $7,629,560.94. The sale was disclosed in a filing with the SEC, which is available through this link. In other Starbucks news, insider Michael Aaron Conway sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $104.77, for a total transaction of $681,005.00. Following the sale, the insider now directly owns 72,822 shares in the company, valued at $7,629,560.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rachel Ruggeri sold 504 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.66, for a total value of $53,252.64. Following the sale, the chief financial officer now owns 75,027 shares in the company, valued at $7,927,352.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,504 shares of company stock valued at $784,120. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

SBUX has been the topic of several analyst reports. Citigroup dropped their target price on Starbucks from $110.00 to $103.00 and set a “neutral” rating on the stock in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft started coverage on Starbucks in a report on Thursday, October 19th. They issued a “buy” rating and a $118.00 target price on the stock. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Wedbush decreased their price target on Starbucks from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, HSBC started coverage on Starbucks in a research note on Wednesday, December 20th. They issued a “hold” rating and a $107.00 price target for the company. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

Check Out Our Latest Stock Analysis on SBUX

About Starbucks

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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