Avidian Wealth Enterprises LLC Has $1.03 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Avidian Wealth Enterprises LLC raised its position in Starbucks Co. (NASDAQ:SBUX) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,259 shares of the coffee company’s stock after buying an additional 122 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Starbucks were worth $1,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in shares of Starbucks in the fourth quarter worth about $67,000. Certuity LLC raised its stake in shares of Starbucks by 37.8% in the fourth quarter. Certuity LLC now owns 3,325 shares of the coffee company’s stock worth $303,000 after acquiring an additional 912 shares during the last quarter. Wealth Advisors Northwest LLC bought a new position in shares of Starbucks in the fourth quarter worth about $234,000. Signet Investment Advisory Group Inc. raised its stake in shares of Starbucks by 1.8% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 23,929 shares of the coffee company’s stock worth $2,184,000 after acquiring an additional 419 shares during the last quarter. Finally, Sonata Capital Group Inc. raised its stake in shares of Starbucks by 21.8% in the fourth quarter. Sonata Capital Group Inc. now owns 6,149 shares of the coffee company’s stock worth $561,000 after acquiring an additional 1,100 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now owns 65,648 shares in the company, valued at approximately $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SBUX. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Stock Up 1.8 %

Starbucks stock opened at $113.04 on Thursday. The stock has a market capitalization of $128.40 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $113.19. The company has a 50 day moving average of $97.51 and a 200-day moving average of $95.37.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

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.