Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Evanson Asset Management LLC

Evanson Asset Management LLC raised its position in Starbucks Co. (NASDAQ:SBUX) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the coffee company’s stock after purchasing an additional 205 shares during the period. Evanson Asset Management LLC’s holdings in Starbucks were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SBUX. Quilter Plc purchased a new stake in shares of Starbucks during the 1st quarter worth about $208,530,000. Freedom Wealth Alliance LLC acquired a new position in shares of Starbucks during the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. boosted its position in Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Atticus Wealth Management LLC increased its holdings in Starbucks by 153.8% in the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Starbucks during the second quarter worth about $35,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 4,000 shares of company stock worth $375,665 over the last quarter. Corporate insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.1 %

Shares of Starbucks stock traded down $0.11 on Thursday, reaching $91.39. 6,481,499 shares of the company were exchanged, compared to its average volume of 8,584,698. Starbucks Co. has a fifty-two week low of $89.21 and a fifty-two week high of $115.48. The firm has a market capitalization of $103.47 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The stock has a fifty day moving average price of $93.04 and a 200-day moving average price of $95.17.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. Starbucks’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBUX. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Piper Sandler reduced their price objective on Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Citigroup dropped their price target on shares of Starbucks from $103.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Stephens reissued an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $110.05.

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.