PFG Advisors Takes $216,000 Position in Starbucks Co. (NASDAQ:SBUX)

PFG Advisors purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUXFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,246 shares of the coffee company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Metis Global Partners LLC lifted its holdings in Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after purchasing an additional 7,619 shares during the period. Insigneo Advisory Services LLC lifted its holdings in Starbucks by 60.6% in the third quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock worth $864,000 after purchasing an additional 3,570 shares during the period. Motco lifted its holdings in Starbucks by 1.1% in the third quarter. Motco now owns 74,829 shares of the coffee company’s stock worth $6,830,000 after purchasing an additional 811 shares during the period. Anchor Investment Management LLC acquired a new stake in Starbucks in the fourth quarter worth about $1,348,000. Finally, First Command Advisory Services Inc. acquired a new stake in Starbucks in the third quarter worth about $524,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $88.70 on Thursday. The company has a 50 day moving average price of $92.80 and a 200 day moving average price of $94.96. Starbucks Co. has a 52 week low of $88.65 and a 52 week high of $115.48. The firm has a market capitalization of $100.43 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.46 and a beta of 0.98.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. Equities analysts forecast that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

Insider Buying and Selling at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the sale, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 4,000 shares of company stock valued at $375,665 in the last quarter. Company insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SBUX. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. BTIG Research reduced their price objective on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Wells Fargo & Company reiterated an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a research report on Monday. Citigroup dropped their price target on shares of Starbucks from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 19th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.24.

Check Out Our Latest Research Report on Starbucks

Starbucks Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.