Nations Financial Group Inc. IA ADV Has $3.57 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Nations Financial Group Inc. IA ADV grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,104 shares of the coffee company’s stock after buying an additional 507 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Starbucks were worth $3,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in Starbucks during the fourth quarter worth about $1,457,000. Compagnie Lombard Odier SCmA boosted its holdings in Starbucks by 128.6% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 2,240 shares of the coffee company’s stock worth $204,000 after purchasing an additional 1,260 shares during the last quarter. IMS Capital Management boosted its holdings in Starbucks by 6.6% during the fourth quarter. IMS Capital Management now owns 27,016 shares of the coffee company’s stock worth $2,465,000 after purchasing an additional 1,674 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Starbucks by 9.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 470,356 shares of the coffee company’s stock worth $43,390,000 after purchasing an additional 40,361 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in Starbucks by 3.2% during the fourth quarter. Pathway Financial Advisers LLC now owns 8,288 shares of the coffee company’s stock worth $756,000 after purchasing an additional 254 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Down 0.4 %

Shares of NASDAQ:SBUX opened at $112.55 on Friday. The company has a 50 day moving average of $98.03 and a 200 day moving average of $95.61. The stock has a market cap of $127.85 billion, a P/E ratio of 36.31, a P/E/G ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.47.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, equities analysts forecast that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 yield of 2.17%. Starbucks’s dividend payout ratio is currently 78.71%.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SBUX has been the topic of several analyst reports. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Bank of America lowered their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

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.