Winthrop Advisory Group LLC Has $1.02 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Winthrop Advisory Group LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 25.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,159 shares of the coffee company’s stock after buying an additional 2,263 shares during the period. Winthrop Advisory Group LLC’s holdings in Starbucks were worth $1,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Riverview Trust Co increased its holdings in Starbucks by 3.4% in the third quarter. Riverview Trust Co now owns 3,199 shares of the coffee company’s stock valued at $312,000 after purchasing an additional 105 shares during the period. Essex Savings Bank grew its holdings in Starbucks by 1.6% during the 3rd quarter. Essex Savings Bank now owns 7,250 shares of the coffee company’s stock worth $707,000 after acquiring an additional 112 shares during the period. Virtue Capital Management LLC grew its holdings in Starbucks by 1.7% during the 3rd quarter. Virtue Capital Management LLC now owns 6,909 shares of the coffee company’s stock worth $674,000 after acquiring an additional 115 shares during the period. DT Investment Partners LLC grew its holdings in 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 acquiring an additional 121 shares during the period. Finally, Childress Capital Advisors LLC grew its holdings in Starbucks by 4.8% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,727 shares of the coffee company’s stock worth $266,000 after acquiring an additional 126 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 0.0 %

Shares of SBUX stock traded down $0.03 during trading hours on Monday, hitting $92.22. 759,838 shares of the company were exchanged, compared to its average volume of 6,037,377. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The stock has a market capitalization of $104.56 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 2.86 and a beta of 0.99. The firm has a fifty day simple moving average of $96.13 and a 200 day simple moving average of $91.13.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business earned $1.06 EPS. Starbucks’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Starbucks Co. will post 3.11 EPS for the current 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. This represents a $2.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 73.72%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays decreased their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased 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. Royal Bank of Canada initiated coverage on shares of Starbucks in a research report on Friday, November 15th. They set an “outperform” rating and a $115.00 price objective on the stock. Jefferies Financial Group cut shares of Starbucks from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Finally, Morgan Stanley increased their price objective on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.98% of the stock is currently owned by insiders.

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.