St. Johns Investment Management Company LLC Acquires 199 Shares of Starbucks Co. (NASDAQ:SBUX)

St. Johns Investment Management Company LLC lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,901 shares of the coffee company’s stock after buying an additional 199 shares during the period. St. Johns Investment Management Company LLC’s holdings in Starbucks were worth $447,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks during the 2nd quarter valued at about $25,000. DT Investment Partners LLC grew its position in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC purchased a new stake in Starbucks during the third quarter valued at approximately $49,000. Friedenthal Financial bought a new position in Starbucks in the third quarter worth approximately $50,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Starbucks during the 3rd quarter worth $71,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $92.00 to $115.00 in a research note on Thursday, September 26th. JPMorgan Chase & Co. boosted their price objective on Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Redburn Atlantic restated a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Finally, BTIG Research lifted their price target on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.98% of the company’s stock.

Starbucks Stock Up 0.3 %

SBUX stock opened at $97.99 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The stock has a market capitalization of $111.10 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. The firm has a 50 day moving average of $95.68 and a 200 day moving average of $92.04.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 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 business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Co. will post 3.08 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 73.72%.

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.