Jeppson Wealth Management LLC Acquires 956 Shares of Starbucks Co. (NASDAQ:SBUX)

Jeppson Wealth Management LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,347 shares of the coffee company’s stock after purchasing an additional 956 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Starbucks were worth $572,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SBUX. Vima LLC bought a new stake in shares of Starbucks in the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in shares of Starbucks in the 4th quarter valued at about $26,000. New Millennium Group LLC purchased a new position in shares of Starbucks in the 2nd quarter worth approximately $26,000. Stephens Consulting LLC grew its position in shares of Starbucks by 498.2% in the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after buying an additional 279 shares during the last quarter. Finally, DSM Capital Partners LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $27,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.4 %

NASDAQ SBUX traded up $0.36 on Friday, reaching $91.92. 381,437 shares of the company were exchanged, compared to its average volume of 11,915,348. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The stock has a market capitalization of $104.12 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The business’s fifty day moving average price is $82.14 and its 200 day moving average price is $83.96.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (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 firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the business earned $1.00 earnings per share. Starbucks’s revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that Starbucks Co. will post 3.56 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.28 annualized dividend and a yield of 2.48%. Starbucks’s payout ratio is 62.81%.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the chief executive officer now owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of Starbucks stock in a transaction dated 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 in the company, valued at $5,697,682.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the chief executive officer now owns 75,054 shares in the company, valued at $7,057,327.62. The disclosure for this sale can be found here. Insiders sold a total of 9,790 shares of company stock valued at $865,514 over the last quarter. 1.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Starbucks from $82.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $98.00 price objective on shares of Starbucks in a research report on Wednesday, July 31st. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $81.00 to $110.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their target price 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. Finally, Stifel Nicolaus raised shares of Starbucks from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $110.00 in a research report on Wednesday, August 14th. One equities research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.42.

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.