Redhawk Wealth Advisors Inc. Buys 231 Shares of Starbucks Co. (NASDAQ:SBUX)

Redhawk Wealth Advisors Inc. raised its stake in Starbucks Co. (NASDAQ:SBUX) by 7.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,493 shares of the coffee company’s stock after buying an additional 231 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Starbucks were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SBUX. First National Trust Co grew its holdings in shares of Starbucks by 2.2% during the fourth quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock worth $483,000 after purchasing an additional 106 shares during the last quarter. Graybill Wealth Management LTD. grew its stake in shares of Starbucks by 0.3% in the fourth quarter. Graybill Wealth Management LTD. now owns 40,088 shares of the coffee company’s stock worth $3,849,000 after purchasing an additional 109 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Starbucks by 7.9% in the 1st quarter. Versant Capital Management Inc now owns 1,659 shares of the coffee company’s stock valued at $152,000 after buying an additional 122 shares during the last quarter. Valmark Advisers Inc. lifted its position in shares of Starbucks by 1.1% in the 4th quarter. Valmark Advisers Inc. now owns 10,857 shares of the coffee company’s stock worth $1,042,000 after purchasing an additional 123 shares during the period. Finally, McAdam LLC boosted its stake in shares of Starbucks by 3.3% in the 4th quarter. McAdam LLC now owns 3,826 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 124 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 78,304 shares in the company, valued at $6,264,320. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at approximately $5,234,480. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock worth $579,375 in the last quarter. 1.98% of the stock is owned by company insiders.

Starbucks Stock Up 1.0 %

Starbucks stock traded up $0.98 during midday trading on Thursday, reaching $94.88. The stock had a trading volume of 20,896,086 shares, compared to its average volume of 12,033,943. The firm has a market capitalization of $107.52 billion, a PE ratio of 25.79, a P/E/G ratio of 1.80 and a beta of 0.94. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The firm’s 50-day moving average price is $77.69 and its 200 day moving average price is $83.91.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the firm earned $1.00 EPS. Starbucks’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Starbucks Co. will post 3.55 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. Starbucks’s dividend payout ratio (DPR) is 62.81%.

Analysts Set New Price Targets

Several research firms recently issued reports on SBUX. The Goldman Sachs Group initiated coverage on shares of Starbucks in a report on Thursday, June 13th. They issued a “buy” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wedbush reiterated a “neutral” rating and issued a $80.00 price target on shares of Starbucks in a report on Tuesday. Guggenheim decreased their price objective on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, BMO Capital Markets decreased their price target on shares of Starbucks from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $98.79.

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.