Starbucks Co. (SBUX) Holdings Lifted by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,503 shares of the coffee company’s stock after buying an additional 4,837 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Starbucks were worth $2,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. HC Financial Advisors Inc. lifted its stake in Starbucks by 233.5% in the third quarter. HC Financial Advisors Inc. now owns 27,445 shares of the coffee company’s stock valued at $1,560,000 after buying an additional 19,215 shares during the last quarter. Yorktown Management & Research Co Inc increased its holdings in Starbucks by 11.1% in the third quarter. Yorktown Management & Research Co Inc now owns 20,000 shares of the coffee company’s stock valued at $1,137,000 after purchasing an additional 2,000 shares during the last quarter. Alpine Woods Capital Investors LLC bought a new stake in Starbucks in the third quarter valued at about $225,000. Piedmont Investment Advisors Inc. increased its holdings in Starbucks by 83.5% in the third quarter. Piedmont Investment Advisors Inc. now owns 110,775 shares of the coffee company’s stock valued at $6,296,000 after purchasing an additional 50,405 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in shares of Starbucks by 6.3% in the third quarter. Morningstar Investment Services LLC now owns 345,675 shares of the coffee company’s stock worth $19,648,000 after acquiring an additional 20,466 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors.

SBUX has been the subject of several recent analyst reports. BidaskClub upgraded Starbucks from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. Jefferies Financial Group restated a “buy” rating and issued a $76.00 price target on shares of Starbucks in a report on Friday, November 30th. They noted that the move was a valuation call. Telsey Advisory Group restated a “market perform” rating and issued a $70.00 price target (up from $66.00) on shares of Starbucks in a report on Monday, December 3rd. Royal Bank of Canada increased their price target on Starbucks to $74.00 and gave the stock an “outperform” rating in a report on Friday, December 14th. Finally, Mizuho set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a report on Friday, December 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. Starbucks has an average rating of “Hold” and a consensus price target of $67.01.

NASDAQ SBUX traded up $0.60 during trading hours on Thursday, hitting $72.23. 117,310 shares of the company traded hands, compared to its average volume of 10,902,854. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $72.40. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41. The stock has a market capitalization of $89.48 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts forecast that Starbucks Co. will post 2.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.99%. Starbucks’s payout ratio is 59.50%.

In other news, EVP Vivek C. Varma sold 73,242 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $68.36, for a total value of $5,006,823.12. Following the completion of the sale, the executive vice president now directly owns 140,882 shares of the company’s stock, valued at $9,630,693.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Culver sold 169,096 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $68.81, for a total value of $11,635,495.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 565,806 shares of company stock valued at $38,789,988. Insiders own 3.98% of the company’s stock.

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Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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