Shepherd Financial Partners LLC Acquires 187 Shares of Starbucks Co. (NASDAQ:SBUX)

Shepherd Financial Partners LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,513 shares of the coffee company’s stock after buying an additional 187 shares during the period. Shepherd Financial Partners LLC’s holdings in Starbucks were worth $2,146,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Starbucks in the fourth quarter valued at about $831,000. William Allan Corp increased its stake in shares of Starbucks by 0.8% in the 4th quarter. William Allan Corp now owns 62,987 shares of the coffee company’s stock valued at $5,748,000 after acquiring an additional 513 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Starbucks by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 134,590 shares of the coffee company’s stock valued at $12,281,000 after acquiring an additional 7,342 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Starbucks by 0.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,658,091 shares of the coffee company’s stock worth $242,551,000 after acquiring an additional 17,999 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $62,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. BMO Capital Markets lifted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Bank of America lowered their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Finally, BTIG Research increased their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Trading Up 0.4 %

NASDAQ SBUX opened at $112.20 on Friday. The firm has a market capitalization of $127.45 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The firm’s fifty day moving average price is $96.93 and its two-hundred day moving average price is $94.32. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $112.62.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the business posted $0.90 EPS. On average, research analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.17%. Starbucks’s dividend payout ratio is currently 78.71%.

Insider Activity at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% 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.