Wynn Capital LLC Makes New $842,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Wynn Capital LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,769 shares of the coffee company’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its holdings in shares of Starbucks by 1.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 12,710 shares of the coffee company’s stock valued at $1,160,000 after buying an additional 128 shares in the last quarter. 1900 Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter worth approximately $264,000. DAVENPORT & Co LLC boosted its stake in Starbucks by 1.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 104,843 shares of the coffee company’s stock worth $9,569,000 after purchasing an additional 1,177 shares in the last quarter. Mach 1 Financial Group LLC acquired a new stake in Starbucks in the 3rd quarter worth approximately $225,000. Finally, KFG Wealth Management LLC boosted its stake in Starbucks by 8.5% in the 3rd quarter. KFG Wealth Management LLC now owns 3,083 shares of the coffee company’s stock worth $281,000 after purchasing an additional 241 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 7,000 shares of company stock valued at $629,738. 1.98% of the stock is currently owned by insiders.

Starbucks Stock Performance

Shares of SBUX stock traded up $0.88 on Wednesday, hitting $88.75. 7,178,942 shares of the stock traded hands, compared to its average volume of 8,408,188. The firm’s 50-day moving average price is $90.68 and its two-hundred day moving average price is $94.39. The stock has a market capitalization of $100.48 billion, a PE ratio of 23.52, a PEG ratio of 1.44 and a beta of 0.97. Starbucks Co. has a twelve month low of $84.29 and a twelve month high of $115.48.

Starbucks (NASDAQ:SBUX) last announced 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). The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts anticipate that Starbucks Co. will post 3.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.57%. Starbucks’s payout ratio is 60.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SBUX shares. BMO Capital Markets reduced their price target on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. Morgan Stanley reduced their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Citigroup reduced their price target on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. 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. Finally, BTIG Research reduced their price target on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, January 31st. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and an average target price of $106.68.

Starbucks 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.