Beaumont Financial Advisors LLC Buys 417 Shares of Starbucks Co. (NASDAQ:SBUX)

Beaumont Financial Advisors LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,672 shares of the coffee company’s stock after acquiring an additional 417 shares during the period. Beaumont Financial Advisors LLC’s holdings in Starbucks were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its holdings in shares of Starbucks by 73.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 43,633 shares of the coffee company’s stock valued at $3,397,000 after buying an additional 18,420 shares in the last quarter. Mill Creek Capital Advisors LLC lifted its position in Starbucks by 10.2% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,765 shares of the coffee company’s stock valued at $293,000 after acquiring an additional 349 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Starbucks by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 216,867 shares of the coffee company’s stock valued at $16,883,000 after acquiring an additional 81,233 shares in the last quarter. Sfmg LLC grew its holdings in Starbucks by 3.0% in the second quarter. Sfmg LLC now owns 38,452 shares of the coffee company’s stock worth $2,994,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Fred Alger Management LLC increased its position in shares of Starbucks by 3.7% during the second quarter. Fred Alger Management LLC now owns 42,650 shares of the coffee company’s stock worth $3,320,000 after purchasing an additional 1,503 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.3 %

SBUX stock opened at $97.73 on Thursday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $103.32. The company’s 50-day simple moving average is $95.72 and its 200-day simple moving average is $92.00. The firm has a market cap of $110.81 billion, a P/E ratio of 29.53, a PEG ratio of 2.82 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company earned $1.06 earnings per share. Starbucks’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Starbucks Co. will post 3.1 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.50%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Insider Transactions at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. The trade was a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research boosted their price target on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. UBS Group increased their price objective on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of Starbucks from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. Finally, TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

Starbucks Company 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.