Capital Planning LLC Buys 3,483 Shares of Starbucks Co. (NASDAQ:SBUX)

Capital Planning LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,039 shares of the coffee company’s stock after acquiring an additional 3,483 shares during the period. Capital Planning LLC’s holdings in Starbucks were worth $1,099,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Riverview Trust Co lifted its position in shares of Starbucks by 3.4% during the third quarter. Riverview Trust Co now owns 3,199 shares of the coffee company’s stock worth $312,000 after purchasing an additional 105 shares during the last quarter. Essex Savings Bank raised its holdings in shares of Starbucks by 1.6% in the third quarter. Essex Savings Bank now owns 7,250 shares of the coffee company’s stock valued at $707,000 after acquiring an additional 112 shares in the last quarter. Virtue Capital Management LLC raised its holdings in shares of Starbucks by 1.7% in the third quarter. Virtue Capital Management LLC now owns 6,909 shares of the coffee company’s stock valued at $674,000 after acquiring an additional 115 shares in the last quarter. DT Investment Partners LLC raised its holdings in shares of Starbucks by 39.4% in the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in shares of Starbucks by 4.8% in the third quarter. Childress Capital Advisors LLC now owns 2,727 shares of the coffee company’s stock valued at $266,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the subject of several recent research reports. TD Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Barclays decreased their price objective on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley boosted their target price on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America reduced their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Wedbush dropped their price target on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the sale, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is owned by corporate insiders.

Starbucks Trading Up 1.5 %

NASDAQ SBUX opened at $94.43 on Friday. The stock has a market cap of $107.06 billion, a PE ratio of 28.53, a P/E/G ratio of 2.73 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32. The stock has a fifty day simple moving average of $95.92 and a 200-day simple moving average of $91.35.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period last year, the business posted $1.06 EPS. Starbucks’s revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts predict that Starbucks Co. will post 3.1 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 73.72%.

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.