Lyons Wealth Management LLC. acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,144 shares of the coffee company’s stock, valued at approximately $927,000. Starbucks comprises 1.5% of Lyons Wealth Management LLC.’s holdings, making the stock its 14th largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. acquired a new position in Starbucks in the third quarter worth about $111,000. Gradient Investments LLC acquired a new position in Starbucks in the fourth quarter worth about $117,000. Horan Capital Advisors LLC. acquired a new position in Starbucks in the third quarter worth about $131,000. Front Row Advisors LLC acquired a new position in Starbucks in the fourth quarter worth about $136,000. Finally, Stonehearth Capital Management LLC acquired a new position in Starbucks in the fourth quarter worth about $142,000. 73.49% of the stock is owned by institutional investors and hedge funds.
Starbucks stock opened at $58.47 on Thursday. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The stock has a market cap of $81,946.48, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.61 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts predict that Starbucks Co. will post 2.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.05%. Starbucks’s payout ratio is presently 39.60%.
Several research analysts recently issued reports on SBUX shares. Zacks Investment Research lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Oppenheimer reissued a “buy” rating and issued a $66.00 price target on shares of Starbucks in a research report on Friday, January 19th. Wedbush reissued a “buy” rating and issued a $70.00 price target on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target (up previously from $66.00) on shares of Starbucks in a research report on Friday, January 19th. Finally, William Blair reissued an “outperform” rating on shares of Starbucks in a research report on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.63.
In other Starbucks news, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the sale, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig Weatherup sold 59,838 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total transaction of $3,596,263.80. Following the completion of the sale, the director now owns 26,500 shares in the company, valued at $1,592,650. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 247,664 shares of company stock worth $14,243,602. Insiders own 3.48% of the company’s stock.
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Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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