Starbucks Co. (NASDAQ:SBUX) Shares Bought by Ceera Investments LLC

Ceera Investments LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,954 shares of the coffee company’s stock after acquiring an additional 605 shares during the period. Starbucks accounts for approximately 1.4% of Ceera Investments LLC’s holdings, making the stock its 27th biggest position. Ceera Investments LLC’s holdings in Starbucks were worth $3,603,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC raised its holdings in shares of Starbucks by 9.6% during the first quarter. Quent Capital LLC now owns 4,389 shares of the coffee company’s stock valued at $401,000 after acquiring an additional 385 shares during the period. Allstate Corp raised its holdings in shares of Starbucks by 43.0% during the first quarter. Allstate Corp now owns 3,468 shares of the coffee company’s stock valued at $317,000 after acquiring an additional 1,042 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Starbucks by 2.5% during the first quarter. Jacobi Capital Management LLC now owns 16,136 shares of the coffee company’s stock valued at $1,475,000 after acquiring an additional 401 shares during the period. Catalytic Wealth RIA LLC raised its holdings in shares of Starbucks by 6.0% during the first quarter. Catalytic Wealth RIA LLC now owns 5,710 shares of the coffee company’s stock valued at $522,000 after acquiring an additional 323 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in Starbucks by 4.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 3,419 shares of the coffee company’s stock valued at $312,000 after buying an additional 150 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBUX. Stifel Nicolaus upped their price objective on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $80.00 to $76.00 in a research note on Tuesday, September 24th. Citigroup upped their price objective on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. DZ Bank downgraded shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research report on Wednesday, August 21st. Finally, TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.81.

Insider Transactions at Starbucks

In related news, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares of the company’s stock, valued at $3,316,143. This represents a 1.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.98% of the stock is owned by corporate insiders.

Starbucks Stock Down 0.2 %

Shares of Starbucks stock opened at $98.42 on Friday. The stock has a market capitalization of $111.53 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97. The company has a 50-day simple moving average of $96.75 and a 200 day simple moving average of $86.18. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Co. will post 3.15 earnings per share for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.61 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.48%. Starbucks’s payout ratio is currently 68.88%.

Starbucks Company 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.