Capital Investment Advisors LLC Purchases 2,744 Shares of Starbucks Co. (NASDAQ:SBUX)

Capital Investment Advisors LLC grew its position in shares of Starbucks Co. (NASDAQ:SBUX) by 17.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,313 shares of the coffee company’s stock after buying an additional 2,744 shares during the quarter. Capital Investment Advisors LLC’s holdings in Starbucks were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winthrop Advisory Group LLC lifted its holdings in Starbucks by 25.4% during the fourth quarter. Winthrop Advisory Group LLC now owns 11,159 shares of the coffee company’s stock worth $1,018,000 after acquiring an additional 2,263 shares during the period. Clark & Stuart Inc bought a new stake in shares of Starbucks during the 4th quarter worth $507,000. Matrix Trust Co grew its position in Starbucks by 605.3% during the fourth quarter. Matrix Trust Co now owns 1,065 shares of the coffee company’s stock valued at $97,000 after buying an additional 914 shares during the period. Aprio Wealth Management LLC increased its holdings in Starbucks by 23.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,077 shares of the coffee company’s stock worth $281,000 after buying an additional 584 shares during the last quarter. Finally, Czech National Bank raised its position in Starbucks by 6.5% in the fourth quarter. Czech National Bank now owns 245,766 shares of the coffee company’s stock worth $22,426,000 after acquiring an additional 14,921 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SBUX shares. Bank of America decreased their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays cut 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. Wedbush lowered their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley increased their target price on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.77.

Starbucks Price Performance

Shares of Starbucks stock opened at $93.51 on Tuesday. The company has a 50 day simple moving average of $96.06 and a two-hundred day simple moving average of $91.24. The firm has a market cap of $106.02 billion, a PE ratio of 28.25, a PEG ratio of 2.86 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $103.32.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Co. will post 3.11 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is presently 73.72%.

Insider Activity at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the sale, the chief financial officer now owns 65,648 shares of the company’s stock, valued at approximately $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.98% of the stock is currently owned by company insiders.

Starbucks Company 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.