Starbucks Corporation $SBUX Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 25.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,915 shares of the coffee company’s stock after selling 6,166 shares during the quarter. Kampmann Melissa S.’s holdings in Starbucks were worth $1,516,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Starbucks during the 2nd quarter valued at approximately $1,246,316,000. Corient Private Wealth LLC grew its position in Starbucks by 146.6% during the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after buying an additional 3,596,014 shares during the period. Invesco Ltd. increased its holdings in Starbucks by 11.2% in the second quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock valued at $1,169,011,000 after buying an additional 1,286,451 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Starbucks by 68.0% in the second quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after acquiring an additional 1,225,447 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Starbucks by 22.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock worth $511,202,000 after acquiring an additional 1,026,056 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Up 4.9%

Shares of SBUX opened at $89.42 on Friday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The stock has a market cap of $101.68 billion, a PE ratio of 54.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The firm’s fifty day moving average is $84.43 and its two-hundred day moving average is $87.70.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The business had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 13th. Starbucks’s payout ratio is currently 151.22%.

Insider Buying and Selling at Starbucks

In related news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the transaction, the director directly owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This trade represents a 28.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on Starbucks from $115.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Sanford C. Bernstein set a $100.00 target price on Starbucks and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Wells Fargo & Company set a $100.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research note on Thursday, October 16th. UBS Group set a $94.00 price objective on shares of Starbucks and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.44.

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.