Starbucks Co. (NASDAQ:SBUX) Shares Bought by Kennebec Savings Bank

Kennebec Savings Bank boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,003 shares of the coffee company’s stock after acquiring an additional 192 shares during the period. Kennebec Savings Bank’s holdings in Starbucks were worth $561,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in Starbucks in the second quarter valued at $25,000. Creekside Partners acquired a new stake in shares of Starbucks in the second quarter valued at $357,000. Coronation Fund Managers Ltd. acquired a new position in Starbucks during the 2nd quarter worth $2,043,000. Sanctuary Advisors LLC acquired a new stake in Starbucks in the 2nd quarter valued at about $18,704,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Starbucks by 19.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 215,988 shares of the coffee company’s stock valued at $16,815,000 after buying an additional 34,498 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 0.4 %

NASDAQ SBUX opened at $109.00 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $110.34. The stock has a market capitalization of $123.81 billion, a P/E ratio of 35.16, a P/E/G ratio of 3.47 and a beta of 0.99. The firm has a 50-day moving average price of $95.90 and a 200 day moving average price of $93.00.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.30%. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, equities research analysts expect that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.24%. Starbucks’s dividend payout ratio is presently 78.71%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SBUX. Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Bank of America dropped their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.52.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.98% of the stock is currently owned by insiders.

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.