Measured Wealth Private Client Group LLC Takes Position in Starbucks Co. (NASDAQ:SBUX)

Measured Wealth Private Client Group LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,357 shares of the coffee company’s stock, valued at approximately $398,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signet Investment Advisory Group Inc. purchased a new stake in shares of Starbucks in the fourth quarter valued at about $810,000. Boston Financial Mangement LLC boosted its holdings in shares of Starbucks by 21.8% in the fourth quarter. Boston Financial Mangement LLC now owns 6,100 shares of the coffee company’s stock valued at $393,000 after acquiring an additional 1,091 shares in the last quarter. Tuttle Tactical Management boosted its holdings in shares of Starbucks by 111.7% in the fourth quarter. Tuttle Tactical Management now owns 55,029 shares of the coffee company’s stock valued at $2,817,000 after acquiring an additional 29,029 shares in the last quarter. Arjuna Capital boosted its holdings in shares of Starbucks by 7.1% in the fourth quarter. Arjuna Capital now owns 11,457 shares of the coffee company’s stock valued at $738,000 after acquiring an additional 761 shares in the last quarter. Finally, Questar Asset Management Inc. purchased a new stake in shares of Starbucks in the fourth quarter valued at about $217,000. 71.67% of the stock is currently owned by hedge funds and other institutional investors.

SBUX stock opened at $83.35 on Friday. The stock has a market cap of $100.44 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.32 and a beta of 0.50. Starbucks Co. has a 52 week low of $47.37 and a 52 week high of $84.05. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Starbucks had a net margin of 11.87% and a negative return on equity of 494.61%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, May 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, May 8th. Starbucks’s payout ratio is currently 59.50%.

Several analysts have recently weighed in on SBUX shares. Barclays lifted their target price on shares of Starbucks from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. UBS Group downgraded shares of Starbucks from a “buy” rating to a “neutral” rating and lifted their target price for the company from $72.00 to $78.00 in a report on Monday, April 8th. Piper Jaffray Companies lifted their target price on shares of Starbucks from $70.00 to $77.00 and gave the company a “positive” rating in a report on Friday, April 26th. Wells Fargo & Co downgraded shares of Starbucks from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $83.00 to $80.00 in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lifted their target price on shares of Starbucks from $70.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Starbucks presently has an average rating of “Hold” and an average target price of $74.37.

In other Starbucks news, EVP Lucy Lee Helm sold 10,000 shares of Starbucks stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $83.00, for a total transaction of $830,000.00. Following the completion of the transaction, the executive vice president now owns 113,455 shares in the company, valued at $9,416,765. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 9,973 shares of Starbucks stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $76.12, for a total transaction of $759,144.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,910 shares of company stock valued at $6,578,788. 3.98% of the stock is currently owned by company insiders.

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Starbucks 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.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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