UMB Bank n.a. Grows Holdings in Starbucks Co. (NASDAQ:SBUX)

UMB Bank n.a. lifted its position in shares of Starbucks Co. (NASDAQ:SBUXFree Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,574 shares of the coffee company’s stock after buying an additional 1,835 shares during the quarter. UMB Bank n.a.’s holdings in Starbucks were worth $19,833,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quilter Plc acquired a new position in Starbucks in the first quarter valued at $208,530,000. Freedom Wealth Alliance LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $26,000. Riggs Asset Managment Co. Inc. raised its stake in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Atticus Wealth Management LLC lifted its position in shares of Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in Starbucks in the second quarter worth about $35,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 0.7 %

Shares of SBUX opened at $88.70 on Thursday. Starbucks Co. has a 1-year low of $88.65 and a 1-year high of $115.48. The business’s 50-day moving average price is $92.80 and its 200 day moving average price is $94.96. The stock has a market capitalization of $100.43 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.42 and a beta of 0.97.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. On average, research analysts predict that Starbucks Co. will post 4.06 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s payout ratio is presently 60.96%.

Analysts Set New Price Targets

SBUX has been the subject of several research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $105.00 target price on shares of Starbucks in a research report on Monday. Piper Sandler dropped their target price on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. JPMorgan Chase & Co. decreased their price target on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, March 19th. Citigroup lowered their price objective on shares of Starbucks from $103.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Finally, Gordon Haskett lowered Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Tuesday, January 16th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.24.

Check Out Our Latest Stock Report on Starbucks

Insider Buying and Selling

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders sold 4,000 shares of company stock worth $375,665. Corporate insiders own 1.98% of the company’s stock.

Starbucks Profile

(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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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