Starbucks Co. (NASDAQ:SBUX) Shares Purchased by First Personal Financial Services

First Personal Financial Services boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,413 shares of the coffee company’s stock after acquiring an additional 520 shares during the quarter. Starbucks comprises 1.4% of First Personal Financial Services’ investment portfolio, making the stock its 29th biggest holding. First Personal Financial Services’ holdings in Starbucks were worth $6,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SBUX. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in Starbucks by 1,299.8% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 466,506 shares of the coffee company’s stock worth $44,789,000 after buying an additional 433,179 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in Starbucks by 6.5% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,873 shares of the coffee company’s stock worth $276,000 after purchasing an additional 175 shares in the last quarter. Mather Group LLC. lifted its position in Starbucks by 10.0% in the fourth quarter. Mather Group LLC. now owns 18,413 shares of the coffee company’s stock valued at $1,768,000 after purchasing an additional 1,669 shares during the period. McAdam LLC boosted its holdings in Starbucks by 3.3% in the 4th quarter. McAdam LLC now owns 3,826 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 124 shares in the last quarter. Finally, Choreo LLC increased its position in Starbucks by 24.7% during the 4th quarter. Choreo LLC now owns 29,236 shares of the coffee company’s stock worth $2,807,000 after purchasing an additional 5,797 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen raised Starbucks from a “hold” rating to a “buy” rating and raised their price target for the company from $81.00 to $105.00 in a report on Tuesday, August 13th. BMO Capital Markets reduced their target price on Starbucks from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Baird R W upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. Bank of America increased their price target on shares of Starbucks from $108.00 to $112.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Stifel Nicolaus raised shares of Starbucks from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $110.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.21.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the transaction, the chief executive officer now directly owns 78,304 shares in the company, valued at approximately $6,264,320. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the completion of the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Insiders sold a total of 9,790 shares of company stock valued at $865,514 over the last quarter. Company insiders own 1.98% of the company’s stock.

Starbucks Price Performance

NASDAQ:SBUX traded down $0.29 on Friday, reaching $94.57. The stock had a trading volume of 7,114,395 shares, compared to its average volume of 12,037,227. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The company has a market cap of $107.12 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.28 and a beta of 0.94. The firm’s fifty day moving average is $80.76 and its two-hundred day moving average is $83.98.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. As a group, research analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is 62.81%.

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.