Starbucks Co. (NASDAQ:SBUX) Shares Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 125,107 shares of the coffee company’s stock after purchasing an additional 3,401 shares during the period. United Asset Strategies Inc.’s holdings in Starbucks were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Starbucks during the second quarter worth about $25,000. DT Investment Partners LLC lifted its position 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. FSA Wealth Management LLC purchased a new position in shares of Starbucks in the 3rd quarter valued at approximately $49,000. Friedenthal Financial acquired a new position 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 during the third quarter worth approximately $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated 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 $7,975,542.96. This represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. 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. Citigroup increased their price target on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday. TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Finally, Wedbush dropped their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Starbucks Price Performance

Starbucks stock opened at $98.81 on Monday. The stock has a market capitalization of $112.03 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.91 and a beta of 0.99. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $103.32. The firm’s 50-day moving average is $95.66 and its two-hundred day moving average is $92.39.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. Starbucks’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 earnings per share. As a group, analysts forecast that Starbucks Co. will post 3.08 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 2.47%. Starbucks’s payout ratio is currently 73.72%.

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.