HBW Advisory Services LLC Acquires 28,994 Shares of Starbucks Co. (NASDAQ:SBUX)

HBW Advisory Services LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 75.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,317 shares of the coffee company’s stock after purchasing an additional 28,994 shares during the period. Starbucks makes up 0.9% of HBW Advisory Services LLC’s portfolio, making the stock its 26th biggest position. HBW Advisory Services LLC’s holdings in Starbucks were worth $6,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Starbucks during the 2nd quarter worth approximately $25,000. Fairfield Financial Advisors LTD acquired a new position in shares of Starbucks during the 2nd quarter worth approximately $41,000. DT Investment Partners LLC increased its position in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Starbucks during the 3rd quarter worth approximately $49,000. Finally, Friedenthal Financial acquired a new position in shares of Starbucks during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

Starbucks Stock Down 0.5 %

NASDAQ:SBUX traded down $0.45 on Friday, hitting $92.15. The stock had a trading volume of 3,664,757 shares, compared to its average volume of 6,474,176. The business’s fifty day moving average is $96.26 and its 200 day moving average is $90.88. The company has a market cap of $104.48 billion, a PE ratio of 27.84, a P/E/G ratio of 2.86 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share. Equities analysts predict that Starbucks Co. will post 3.11 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.65%. Starbucks’s payout ratio is currently 73.72%.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Wedbush cut their target price on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Finally, BTIG Research upped their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.77.

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.