Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 26.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,776 shares of the coffee company’s stock after buying an additional 4,777 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Starbucks were worth $1,773,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in shares of Starbucks by 1,299.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 466,506 shares of the coffee company’s stock valued at $44,789,000 after purchasing an additional 433,179 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in shares of Starbucks by 6.5% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,873 shares of the coffee company’s stock valued at $276,000 after acquiring an additional 175 shares during the period. Mather Group LLC. raised its position in Starbucks by 10.0% in the 4th quarter. Mather Group LLC. now owns 18,413 shares of the coffee company’s stock valued at $1,768,000 after purchasing an additional 1,669 shares during the last quarter. McAdam LLC grew its position in Starbucks by 3.3% during the 4th quarter. McAdam LLC now owns 3,826 shares of the coffee company’s stock worth $367,000 after purchasing an additional 124 shares during the last quarter. Finally, Choreo LLC increased its stake in Starbucks by 24.7% in the fourth quarter. Choreo LLC now owns 29,236 shares of the coffee company’s stock valued at $2,807,000 after purchasing an additional 5,797 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Up 0.3 %

Shares of SBUX traded up $0.25 during mid-day trading on Friday, hitting $95.11. The company had a trading volume of 1,955,270 shares, compared to its average volume of 12,006,542. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $107.66. The business’s 50-day simple moving average is $80.46 and its 200-day simple moving average is $83.91. The stock has a market cap of $107.73 billion, a PE ratio of 26.22, a P/E/G ratio of 2.28 and a beta of 0.94.

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

Starbucks Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SBUX. Jefferies Financial Group lowered their price target on Starbucks from $84.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Stifel Nicolaus upgraded Starbucks from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $110.00 in a research note on Wednesday, August 14th. Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $120.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and lifted their target price for the company from $85.00 to $118.00 in a report on Wednesday, August 14th. Finally, Wedbush restated a “neutral” rating and issued a $80.00 price objective on shares of Starbucks in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.21.

Insiders Place Their Bets

In related news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now directly owns 62,502 shares of the company’s stock, valued at approximately $5,697,682.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the sale, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The disclosure for this sale can be found here. Insiders sold a total of 9,790 shares of company stock worth $865,514 over the last ninety days. 1.98% of the stock is owned by company insiders.

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.