4,088 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,088 shares of the coffee company’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Riggs Asset Managment Co. Inc. grew its position 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 worth $29,000 after buying an additional 300 shares during the last quarter. Atticus Wealth Management LLC grew its position 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 buying an additional 200 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $38,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Starbucks in the 4th quarter worth approximately $38,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $40,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price objective on Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Piper Sandler lowered their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, January 19th. Barclays lowered their target price on Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Stephens restated an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Robert W. Baird lowered their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.68.

Starbucks Stock Performance

Shares of SBUX stock traded down $0.31 during mid-day trading on Tuesday, hitting $87.87. The company’s stock had a trading volume of 5,662,674 shares, compared to its average volume of 8,423,798. Starbucks Co. has a 52-week low of $84.29 and a 52-week high of $115.48. The business has a 50-day moving average price of $90.68 and a 200 day moving average price of $94.39. The stock has a market cap of $99.49 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.42 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share 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 business had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts predict that Starbucks Co. will post 4.01 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Transactions at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 7,000 shares of company stock worth $629,738 over the last quarter. 1.98% of the stock is currently owned by insiders.

About Starbucks

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.