Kiley Juergens Wealth Management LLC Acquires 1,734 Shares of Starbucks Co. (NASDAQ:SBUX)

Kiley Juergens Wealth Management LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,247 shares of the coffee company’s stock after acquiring an additional 1,734 shares during the quarter. Starbucks accounts for about 3.9% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Starbucks were worth $11,545,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SBUX. Freedom Wealth Alliance LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Atticus Wealth Management LLC grew its holdings in shares of Starbucks by 153.8% in the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in shares of Starbucks during the 2nd quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Starbucks during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of Starbucks stock traded up $0.25 during trading hours on Tuesday, hitting $85.42. The company’s stock had a trading volume of 8,866,426 shares, compared to its average volume of 8,390,786. The company has a market capitalization of $96.71 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The stock has a 50 day moving average of $91.71 and a 200 day moving average of $94.57. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the company posted $0.75 earnings per share. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts expect that Starbucks Co. will post 4.05 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.67%. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Buying and Selling

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 4,000 shares of company stock valued at $375,665. Company insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SBUX shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Barclays reduced their price objective on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 31st. Citigroup lowered their target price on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday. StockNews.com downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird lowered their price objective on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.43.

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.