First National Corp MA ADV Makes New $210,000 Investment in Starbucks Co. (NASDAQ:SBUX)

First National Corp MA ADV purchased a new stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,192 shares of the coffee company’s stock, valued at approximately $210,000.

Other hedge funds also recently made changes to their positions in the company. Quilter Plc bought a new position in Starbucks during the 1st quarter worth approximately $208,530,000. Freedom Wealth Alliance LLC purchased a new position in shares of Starbucks in the 4th quarter worth about $26,000. Riggs Asset Managment Co. Inc. grew its holdings in Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Atticus Wealth Management LLC lifted its position in shares of Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of Starbucks in the second quarter worth $35,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Piper Sandler reduced their price objective on Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Morgan Stanley raised Starbucks from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $112.00 to $120.00 in a research note on Tuesday, January 16th. Stephens reissued an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Robert W. Baird cut their target price on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note 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.com, the stock currently has an average rating of “Hold” and an average price target of $110.05.

Insider Activity

In other news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 4,000 shares of company stock worth $375,665 over the last 90 days. 1.98% of the stock is currently owned by company insiders.

Starbucks Stock Performance

Shares of Starbucks stock traded up $1.03 during trading on Wednesday, hitting $91.39. 2,296,980 shares of the company’s stock were exchanged, compared to its average volume of 8,555,902. The business has a 50-day simple moving average of $93.09 and a 200-day simple moving average of $95.23. Starbucks Co. has a 52-week low of $89.21 and a 52-week high of $115.48. The stock has a market capitalization of $103.47 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, equities analysts anticipate that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced 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 2.49%. Starbucks’s dividend payout ratio (DPR) is 60.96%.

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.