Starbucks Co. (NASDAQ:SBUX) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,963,241 shares of the coffee company’s stock after buying an additional 176,670 shares during the quarter. Starbucks makes up approximately 1.2% of Blair William & Co. IL’s investment portfolio, making the stock its 15th largest position. Blair William & Co. IL owned approximately 0.25% of Starbucks worth $194,803,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Starbucks by 2.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 22,450 shares of the coffee company’s stock worth $1,476,000 after buying an additional 453 shares during the period. Roberts Glore & Co. Inc. IL raised its stake in shares of Starbucks by 1.0% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 33,256 shares of the coffee company’s stock worth $2,186,000 after buying an additional 335 shares during the period. MainStreet Investment Advisors LLC raised its stake in shares of Starbucks by 6.0% during the 1st quarter. MainStreet Investment Advisors LLC now owns 164,413 shares of the coffee company’s stock worth $10,809,000 after buying an additional 9,356 shares during the period. Fiduciary Group LLC raised its stake in shares of Starbucks by 10.9% during the 1st quarter. Fiduciary Group LLC now owns 84,669 shares of the coffee company’s stock worth $5,566,000 after buying an additional 8,324 shares during the period. Finally, Heritage Trust Co raised its stake in shares of Starbucks by 3.1% during the 1st quarter. Heritage Trust Co now owns 77,923 shares of the coffee company’s stock worth $5,122,000 after buying an additional 2,345 shares during the period. 67.70% of the stock is owned by institutional investors and hedge funds.

In other news, Director Myron E. Ullman III sold 4,252 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $62.99, for a total value of $267,833.48. Following the completion of the transaction, the director now directly owns 22,728 shares of the company’s stock, valued at $1,431,636.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jill Walker sold 2,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $70.14, for a total value of $140,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,504 shares of company stock valued at $726,546. 0.41% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on SBUX. Robert W. Baird reduced their target price on Starbucks from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. UBS Group increased their price objective on Starbucks from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Piper Sandler reduced their price objective on Starbucks from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Argus reduced their price objective on Starbucks from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Finally, Morgan Stanley increased their price objective on Starbucks from $70.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.77.

Shares of NASDAQ SBUX traded down $0.43 during mid-day trading on Friday, reaching $77.62. 7,580,153 shares of the company’s stock were exchanged, compared to its average volume of 11,421,882. The company’s 50-day moving average is $73.70 and its 200-day moving average is $80.77. Starbucks Co. has a 52-week low of $50.02 and a 52-week high of $99.72. The firm has a market capitalization of $91.19 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 4.57 and a beta of 0.80.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 28th. The coffee company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Starbucks had a net margin of 12.71% and a negative return on equity of 50.19%. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, sell-side analysts forecast that Starbucks Co. will post 1.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.41 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.11%. Starbucks’s dividend payout ratio (DPR) is presently 57.95%.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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