Delpha Capital Management LLC Buys Shares of 8,692 Starbucks Co. (SBUX)

Delpha Capital Management LLC bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,692 shares of the coffee company’s stock, valued at approximately $499,000. Starbucks comprises about 0.5% of Delpha Capital Management LLC’s portfolio, making the stock its 9th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $107,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Starbucks in the third quarter valued at approximately $111,000. Gradient Investments LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $117,000. Front Row Advisors LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $136,000. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Starbucks in the third quarter valued at approximately $131,000. 73.52% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Clifford Burrows sold 162,826 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the completion of the transaction, the insider now directly owns 331,829 shares in the company, valued at $18,920,889.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig Weatherup sold 59,838 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total value of $3,596,263.80. Following the transaction, the director now owns 26,500 shares of the company’s stock, valued at $1,592,650. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 247,664 shares of company stock valued at $14,243,602. Company insiders own 3.40% of the company’s stock.

Several equities research analysts recently commented on SBUX shares. Zacks Investment Research cut Starbucks from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Oppenheimer reiterated a “buy” rating and issued a $66.00 price objective on shares of Starbucks in a research report on Friday, January 19th. Wedbush reiterated a “buy” rating and issued a $70.00 price objective on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price objective (up from $66.00) on shares of Starbucks in a research report on Friday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Starbucks in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.05.

SBUX opened at $58.34 on Friday. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The firm has a market cap of $82,691.45, a PE ratio of 28.32, a PEG ratio of 1.63 and a beta of 0.64. 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 released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. equities research analysts predict that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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