KCS Wealth Advisory Acquires Shares of 4,127 Starbucks Co. (SBUX)

KCS Wealth Advisory acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, Holdings Channel reports. The firm acquired 4,127 shares of the coffee company’s stock, valued at approximately $237,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Trellis Advisors LLC bought a new position in Starbucks in the 4th quarter worth $1,734,000. Nisa Investment Advisors LLC raised its holdings in Starbucks by 6.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 494,295 shares of the coffee company’s stock worth $28,387,000 after acquiring an additional 27,807 shares during the period. Stillwater Capital Advisors LLC raised its holdings in Starbucks by 0.7% in the 4th quarter. Stillwater Capital Advisors LLC now owns 178,831 shares of the coffee company’s stock worth $10,271,000 after acquiring an additional 1,182 shares during the period. First PREMIER Bank raised its holdings in Starbucks by 58.4% in the 4th quarter. First PREMIER Bank now owns 9,284 shares of the coffee company’s stock worth $533,000 after acquiring an additional 3,424 shares during the period. Finally, Rockland Trust Co. increased its holdings in shares of Starbucks by 4.5% during the 4th quarter. Rockland Trust Co. now owns 175,575 shares of the coffee company’s stock worth $10,083,000 after purchasing an additional 7,580 shares during the period. 71.92% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $62.03 price objective on the stock. in a report on Wednesday. Mizuho downgraded shares of Starbucks from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, January 30th. BidaskClub downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, Robert W. Baird dropped their price objective on shares of Starbucks from $70.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Starbucks currently has an average rating of “Buy” and an average price target of $64.63.

In other Starbucks news, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the transaction, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 329,492 shares of company stock worth $18,859,801. Company insiders own 3.48% of the company’s stock.

Shares of Starbucks Co. (SBUX) opened at $55.99 on Thursday. The firm has a market cap of $78,700.00, a PE ratio of 18.79, a P/E/G ratio of 1.53 and a beta of 0.70. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. equities analysts expect that Starbucks Co. will post 2.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be given a $0.30 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. Starbucks’s dividend payout ratio (DPR) is presently 40.27%.

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About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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