Wilmington Savings Fund Society FSB Acquires 411 Shares of Starbucks Co. (NASDAQ:SBUX)

Wilmington Savings Fund Society FSB increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,310 shares of the coffee company’s stock after purchasing an additional 411 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Starbucks were worth $2,218,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners bought a new position in shares of Starbucks during the fourth quarter worth about $25,000. DT Investment Partners LLC boosted 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 last quarter. FSA Wealth Management LLC bought a new position in shares of Starbucks during the 3rd quarter worth approximately $49,000. Friedenthal Financial acquired a new stake in shares of Starbucks in the third quarter valued at approximately $50,000. Finally, Hager Investment Management Services LLC bought a new stake in shares of Starbucks in the fourth quarter worth $56,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SBUX shares. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Morgan Stanley upped their target price on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America decreased their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Price Performance

SBUX stock opened at $112.20 on Monday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $112.62. The stock has a market cap of $127.45 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a 50 day simple moving average of $97.12 and a 200 day simple moving average of $94.70.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 prior year, the firm posted $0.90 EPS. On average, equities research analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.17%. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.