Auxano Advisors LLC Has $2.03 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Auxano Advisors LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,104 shares of the coffee company’s stock after acquiring an additional 779 shares during the quarter. Starbucks comprises about 0.7% of Auxano Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Auxano Advisors LLC’s holdings in Starbucks were worth $2,026,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Willow Creek Wealth Management Inc. increased its holdings in Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares during the period. Valley Brook Capital Group Inc. increased its holdings in Starbucks by 2.4% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after buying an additional 100 shares during the period. Charles Schwab Investment Advisory Inc. increased its holdings in Starbucks by 4.6% in the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after buying an additional 100 shares during the period. Herold Advisors Inc. increased its holdings in Starbucks by 4.3% in the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares during the period. Finally, Rodgers Brothers Inc. increased its holdings in Starbucks by 1.2% in the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after buying an additional 100 shares during the period. 72.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Guggenheim decreased their price target on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Gordon Haskett cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, January 16th. Oppenheimer restated a “market perform” rating on shares of Starbucks in a research report on Friday, April 19th. Finally, Morgan Stanley cut their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.55.

Starbucks Price Performance

Shares of NASDAQ SBUX traded up $0.16 during midday trading on Tuesday, reaching $88.49. The company’s stock had a trading volume of 11,803,508 shares, compared to its average volume of 8,409,757. The stock has a market capitalization of $100.19 billion, a P/E ratio of 23.68, a PEG ratio of 1.48 and a beta of 0.98. The firm has a 50 day moving average price of $90.27 and a 200-day moving average price of $94.27. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. On average, equities analysts predict that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.58%. Starbucks’s dividend payout ratio (DPR) is presently 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.