Front Row Advisors LLC bought a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,360 shares of the coffee company’s stock, valued at approximately $136,000.
Several other large investors also recently bought and sold shares of SBUX. Vanguard Group Inc. boosted its position in Starbucks by 2.1% during the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock worth $5,505,491,000 after acquiring an additional 1,953,003 shares during the last quarter. Capital World Investors lifted its holdings in shares of Starbucks by 2.0% in the 2nd quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock worth $2,650,696,000 after acquiring an additional 895,432 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Starbucks by 5.2% in the 2nd quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock worth $1,250,919,000 after acquiring an additional 1,060,298 shares during the last quarter. Capital International Investors lifted its holdings in shares of Starbucks by 28.3% in the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock worth $1,142,386,000 after acquiring an additional 4,696,452 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Starbucks by 12.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,980,105 shares of the coffee company’s stock worth $931,909,000 after acquiring an additional 1,809,166 shares during the last quarter. Institutional investors and hedge funds own 73.63% of the company’s stock.
In related news, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the completion of the transaction, the insider now directly owns 331,829 shares in the company, valued at $18,920,889.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 25,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The disclosure for this sale can be found here. 3.48% of the stock is owned by corporate insiders.
Several equities research analysts recently weighed in on the stock. UBS Group set a $64.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Friday, March 9th. Zacks Investment Research downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Vetr cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $60.26 price target for the company. in a research note on Monday. BidaskClub upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, BMO Capital Markets raised their target price on shares of Starbucks to $58.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Thirteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Starbucks currently has an average rating of “Buy” and a consensus price target of $64.57.
Shares of Starbucks Co. (NASDAQ:SBUX) traded down $0.21 during midday trading on Wednesday, reaching $58.84. 4,515,427 shares of the company’s stock were exchanged, compared to its average volume of 11,321,610. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a market cap of $83,620.00, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.64 and a beta of 0.67. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. sell-side analysts anticipate that Starbucks Co. will post 2.49 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.04%. Starbucks’s payout ratio is currently 38.34%.
ILLEGAL ACTIVITY NOTICE: “2,360 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Front Row Advisors LLC” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2018/03/14/front-row-advisors-llc-invests-136000-in-starbucks-co-sbux-stock.html.
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.
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.