Trellis Advisors LLC Takes $1.73 Million Position in Starbucks Co. (SBUX)

Trellis Advisors LLC purchased a new position in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,186 shares of the coffee company’s stock, valued at approximately $1,734,000. Starbucks accounts for about 1.6% of Trellis Advisors LLC’s portfolio, making the stock its 9th biggest position.

Other hedge funds have also made changes to their positions in the company. Middleton & Co Inc MA lifted its stake in Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock worth $5,310,000 after acquiring an additional 10,458 shares during the period. WINTON GROUP Ltd lifted its stake in Starbucks by 29.7% in the second quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock worth $1,586,000 after acquiring an additional 6,225 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Starbucks by 12.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock worth $5,388,000 after acquiring an additional 10,250 shares during the period. Geneva Advisors LLC lifted its stake in Starbucks by 2.3% in the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock worth $160,390,000 after acquiring an additional 63,041 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after acquiring an additional 13,452,551 shares during the period. 71.92% of the stock is owned by institutional investors.

In related news, insider Howard D. Schultz sold 25,000 shares of Starbucks stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $57.28, for a total value of $1,432,000.00. Following the completion of the sale, the insider now directly owns 29,798,282 shares in the company, valued at approximately $1,706,845,592.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Craig Weatherup sold 56,666 shares of Starbucks stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the completion of the sale, the director now owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The disclosure for this sale can be found here. Insiders have sold 329,492 shares of company stock valued at $18,859,801 over the last 90 days. Corporate insiders own 3.48% of the company’s stock.

A number of analysts recently commented on SBUX shares. Vetr raised Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 price target for the company in a research note on Tuesday, November 14th. Nomura dropped their price target on Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Mizuho lowered Starbucks from a “buy” rating to a “neutral” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Tigress Financial began coverage on Starbucks in a research report on Wednesday, December 27th. They set a “buy” rating for the company. Finally, Wedbush reissued a “buy” rating and set a $70.00 price objective on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and an average price target of $64.63.

Starbucks Co. (SBUX) opened at $55.99 on Thursday. Starbucks Co. has a twelve month low of $52.58 and a twelve month high of $64.87. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $78,700.00, a price-to-earnings ratio of 18.79, a PEG ratio of 1.53 and a beta of 0.70.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s 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 fiscal year.

The business also recently declared 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 presently 40.27%.

TRADEMARK VIOLATION NOTICE: “Trellis Advisors LLC Takes $1.73 Million Position in Starbucks Co. (SBUX)” was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://weekherald.com/2018/02/15/trellis-advisors-llc-takes-1-73-million-position-in-starbucks-co-sbux.html.

Starbucks Company Profile

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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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.

Leave a Reply