Stillwater Capital Advisors LLC increased its position in Starbucks Co. (NASDAQ:SBUX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 178,831 shares of the coffee company’s stock after purchasing an additional 1,182 shares during the period. Starbucks comprises about 2.4% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Stillwater Capital Advisors LLC’s holdings in Starbucks were worth $10,271,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. First PREMIER Bank boosted its stake in shares of Starbucks by 58.4% during the 4th quarter. First PREMIER Bank now owns 9,284 shares of the coffee company’s stock valued at $533,000 after buying an additional 3,424 shares during the period. Rockland Trust Co. boosted its stake in shares of Starbucks by 4.5% during the 4th quarter. Rockland Trust Co. now owns 175,575 shares of the coffee company’s stock valued at $10,083,000 after buying an additional 7,580 shares during the period. LGT Capital Partners LTD. boosted its stake in shares of Starbucks by 0.8% during the 4th quarter. LGT Capital Partners LTD. now owns 437,150 shares of the coffee company’s stock valued at $25,106,000 after buying an additional 3,360 shares during the period. First American Trust FSB boosted its stake in shares of Starbucks by 3.9% during the 4th quarter. First American Trust FSB now owns 68,407 shares of the coffee company’s stock valued at $3,929,000 after buying an additional 2,555 shares during the period. Finally, Patriot Wealth Management Inc. boosted its stake in shares of Starbucks by 1.7% during the 4th quarter. Patriot Wealth Management Inc. now owns 87,384 shares of the coffee company’s stock valued at $5,018,000 after buying an additional 1,499 shares during the period. 71.92% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the transaction, the insider now owns 331,829 shares in the company, valued at approximately $18,920,889.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Howard D. Schultz sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $57.28, for a total transaction of $1,432,000.00. Following the transaction, the insider now owns 29,798,282 shares in the company, valued at approximately $1,706,845,592.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 329,492 shares of company stock worth $18,859,801. Insiders own 3.48% of the company’s stock.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. analysts expect that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. Starbucks’s payout ratio is 40.27%.
A number of equities research analysts have issued reports on SBUX shares. OTR Global raised shares of Starbucks to a “positive” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their target price on shares of Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Vetr lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $61.72 target price for the company. in a research note on Monday, January 8th. Tigress Financial started coverage on shares of Starbucks in a research note on Wednesday, December 27th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.63.
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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.
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