Vista Capital Partners Inc. Has $3.52 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Vista Capital Partners Inc. raised its stake in Starbucks Co. (NASDAQ:SBUXFree Report) by 8.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,061 shares of the coffee company’s stock after buying an additional 2,922 shares during the quarter. Starbucks accounts for about 0.4% of Vista Capital Partners Inc.’s holdings, making the stock its 14th biggest holding. Vista Capital Partners Inc.’s holdings in Starbucks were worth $3,516,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Starbucks in the second quarter worth about $25,000. New Millennium Group LLC acquired a new position in shares of Starbucks in the 2nd quarter valued at $26,000. Stephens Consulting LLC boosted 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 purchasing an additional 279 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Starbucks in the second quarter valued at about $27,000. Finally, Olistico Wealth LLC bought a new position in Starbucks during the second quarter worth about $31,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SBUX. Barclays lowered their price target on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Evercore ISI raised Starbucks from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $80.00 to $120.00 in a research report on Wednesday, August 14th. TD Cowen reiterated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research report on Wednesday, October 23rd. Bank of America dropped their price target on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $81.00 to $110.00 in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.32.

Read Our Latest Stock Report on SBUX

Insider Buying and Selling

In related news, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now owns 36,242 shares in the company, valued at approximately $3,316,143. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jorgen Vig Knudstorp bought 380 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.

Starbucks Stock Performance

NASDAQ:SBUX opened at $96.12 on Friday. The company has a market cap of $108.92 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.81 and a beta of 0.97. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The stock has a fifty day moving average price of $95.99 and a 200-day moving average price of $85.67.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts predict that Starbucks Co. will post 3.15 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.61 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, November 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.54%. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

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.

See Also

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.