Wealth Advisors Northwest LLC Makes New $234,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Wealth Advisors Northwest LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,560 shares of the coffee company’s stock, valued at approximately $234,000.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Starbucks in the fourth quarter valued at $25,000. Collier Financial purchased a new stake in shares of Starbucks in the 4th quarter worth about $27,000. DT Investment Partners LLC lifted its position in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Starbucks during the 3rd quarter valued at about $49,000. Finally, Friedenthal Financial purchased a new position in shares of Starbucks during the third quarter valued at about $50,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Starbucks Trading Down 0.4 %

SBUX stock opened at $111.03 on Wednesday. The stock has a market capitalization of $126.12 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock’s 50 day simple moving average is $97.32 and its 200 day simple moving average is $95.10. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $112.62.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, research analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. Starbucks’s dividend payout ratio is presently 78.71%.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

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.