Nations Financial Group Inc. IA ADV Has $3.57 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Nations Financial Group Inc. IA ADV increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,104 shares of the coffee company’s stock after buying an additional 507 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Starbucks were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Cornerstone Wealth Management LLC raised its position in shares of Starbucks by 4.7% in the third quarter. Cornerstone Wealth Management LLC now owns 5,671 shares of the coffee company’s stock valued at $553,000 after buying an additional 252 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of Starbucks in the third quarter valued at approximately $210,000. One Wealth Advisors LLC acquired a new stake in shares of Starbucks in the third quarter valued at approximately $206,000. Good Life Advisors LLC raised its position in Starbucks by 25.4% during the third quarter. Good Life Advisors LLC now owns 11,051 shares of the coffee company’s stock valued at $1,077,000 after purchasing an additional 2,241 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Starbucks by 0.3% during the third quarter. Global Retirement Partners LLC now owns 46,683 shares of the coffee company’s stock valued at $4,551,000 after purchasing an additional 140 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SBUX. Bank of America reduced their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Wedbush raised their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Finally, Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value 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. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Starbucks Stock Performance

SBUX stock opened at $112.55 on Friday. The company has a fifty day moving average price of $98.03 and a 200-day moving average price of $95.61. The company has a market capitalization of $127.85 billion, a P/E ratio of 36.31, a PEG ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $113.47.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 3 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is presently 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.