Starbucks Corporation $SBUX Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 105.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,029,531 shares of the coffee company’s stock after acquiring an additional 529,086 shares during the quarter. Quantinno Capital Management LP’s holdings in Starbucks were worth $92,236,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC purchased a new stake in Starbucks in the fourth quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new position in Starbucks during the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in Starbucks during the 4th quarter worth approximately $25,000. Entrust Financial LLC acquired a new stake in Starbucks during the 4th quarter valued at approximately $26,000. Finally, Financial Freedom LLC lifted its stake in Starbucks by 296.2% during the 1st quarter. Financial Freedom LLC now owns 313 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, EVP Sara Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the executive vice president owned 57,653 shares in the company, valued at approximately $6,053,565. This represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00. Following the completion of the transaction, the chief executive officer directly owned 77,364 shares in the company, valued at $8,045,856. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,687 shares of company stock valued at $889,033 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SBUX. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price objective (up from $115.00) on shares of Starbucks in a research note on Thursday, July 16th. Tigress Financial assumed coverage on shares of Starbucks in a research report on Wednesday, April 15th. They set a “buy” rating and a $122.00 target price for the company. BTIG Research lowered shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. BNP Paribas Exane began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “underperform” rating on the stock. Finally, Stifel Nicolaus set a $117.00 price target on Starbucks and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Nineteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.42.

Starbucks Stock Up 0.4%

SBUX opened at $103.65 on Tuesday. The company has a market cap of $118.13 billion, a PE ratio of 78.52, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Starbucks Corporation has a twelve month low of $77.99 and a twelve month high of $109.23. The company has a 50-day moving average price of $102.27 and a 200 day moving average price of $98.69.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a negative return on equity of 29.24% and a net margin of 3.89%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. As a group, sell-side analysts expect that Starbucks Corporation will post 2.41 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. Starbucks’s dividend payout ratio is presently 187.88%.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.