Baader Bank Aktiengesellschaft Raises Stock Position in Starbucks Co. (NASDAQ:SBUX)

Baader Bank Aktiengesellschaft increased its stake in Starbucks Co. (NASDAQ:SBUX) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,900 shares of the coffee company’s stock after acquiring an additional 721 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Starbucks were worth $1,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Starbucks during the second quarter worth $25,000. DT Investment Partners LLC grew its stake in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Starbucks in the third quarter valued at approximately $49,000. Friedenthal Financial purchased a new stake in shares of Starbucks in the third quarter valued at approximately $50,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Starbucks in the third quarter valued at approximately $71,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. The trade was a 2.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.98% of the company’s stock.

Starbucks Trading Up 8.1 %

Starbucks stock opened at $108.58 on Thursday. The stock has a market cap of $123.11 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. The company has a fifty day simple moving average of $95.70 and a 200-day simple moving average of $92.89. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $110.08.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. During the same quarter in the prior year, the business posted $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 3.08 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.25%. Starbucks’s dividend payout ratio is presently 73.72%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday. Bank of America dropped their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.52.

About Starbucks

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.