Stratos Wealth Advisors LLC Grows Stake in Starbucks Co. (NASDAQ:SBUX)

Stratos Wealth Advisors LLC raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 9,268 shares of the coffee company’s stock after buying an additional 253 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Starbucks were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Metis Global Partners LLC raised its position in shares of Starbucks by 15.4% during the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock valued at $5,197,000 after purchasing an additional 7,619 shares during the period. Insigneo Advisory Services LLC grew its holdings in Starbucks by 60.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock valued at $864,000 after buying an additional 3,570 shares in the last quarter. Motco raised its position in shares of Starbucks by 1.1% during the 3rd quarter. Motco now owns 74,829 shares of the coffee company’s stock valued at $6,830,000 after buying an additional 811 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Starbucks in the fourth quarter worth $1,348,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Starbucks during the third quarter valued at approximately $524,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 4,000 shares of company stock worth $375,665. 1.98% of the stock is currently owned by company insiders.

Starbucks Stock Down 0.9 %

NASDAQ SBUX opened at $86.85 on Monday. Starbucks Co. has a 12-month low of $86.83 and a 12-month high of $115.48. The company has a 50 day moving average price of $92.58 and a two-hundred day moving average price of $94.83. The stock has a market capitalization of $98.33 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that Starbucks Co. will post 4.05 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 2.63%. Starbucks’s dividend payout ratio is currently 60.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Piper Sandler lowered their price target on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Citigroup dropped their price target on shares of Starbucks from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Robert W. Baird cut their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.24.

Starbucks 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.