JB Capital LLC Buys 1,306 Shares of Starbucks Co. (NASDAQ:SBUX)

JB Capital LLC raised its stake in Starbucks Co. (NASDAQ:SBUX) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,466 shares of the coffee company’s stock after acquiring an additional 1,306 shares during the period. JB Capital LLC’s holdings in Starbucks were worth $3,419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Czech National Bank boosted its holdings in shares of Starbucks by 6.9% during the third quarter. Czech National Bank now owns 230,845 shares of the coffee company’s stock worth $22,505,000 after purchasing an additional 14,999 shares during the period. GAMMA Investing LLC increased its stake in shares of Starbucks by 19.0% during the third quarter. GAMMA Investing LLC now owns 15,105 shares of the coffee company’s stock valued at $1,473,000 after purchasing an additional 2,417 shares in the last quarter. Everpar Advisors LLC raised its stake in Starbucks by 10.9% during the third quarter. Everpar Advisors LLC now owns 5,014 shares of the coffee company’s stock valued at $489,000 after buying an additional 494 shares during the last quarter. Smith Anglin Financial LLC boosted its stake in Starbucks by 7.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 2,772 shares of the coffee company’s stock worth $270,000 after purchasing an additional 190 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its holdings in shares of Starbucks by 2.3% during the third quarter. Chemistry Wealth Management LLC now owns 8,901 shares of the coffee company’s stock valued at $868,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $107.68 on Monday. The stock has a fifty day simple moving average of $96.19 and a two-hundred day simple moving average of $93.48. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $110.34. The firm has a market capitalization of $122.31 billion, a PE ratio of 34.74, a PEG ratio of 3.40 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the prior year, the company earned $0.90 EPS. On average, sell-side analysts forecast that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared 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. This represents a $2.44 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is presently 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Bank of America lowered their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BTIG Research boosted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is 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.