Leeward Financial Partners LLC Acquires 575 Shares of Starbucks Co. (NASDAQ:SBUX)

Leeward Financial Partners LLC boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,684 shares of the coffee company’s stock after purchasing an additional 575 shares during the period. Leeward Financial Partners LLC’s holdings in Starbucks were worth $944,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dakota Wealth Management increased its holdings in Starbucks by 0.5% in the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock worth $5,439,000 after acquiring an additional 300 shares in the last quarter. LRI Investments LLC bought a new position in shares of Starbucks in the first quarter worth about $136,000. Great Valley Advisor Group Inc. increased its position in shares of Starbucks by 45.8% during the second quarter. Great Valley Advisor Group Inc. now owns 17,123 shares of the coffee company’s stock worth $1,333,000 after acquiring an additional 5,377 shares during the period. China Universal Asset Management Co. Ltd. raised its position in Starbucks by 73.4% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 17,870 shares of the coffee company’s stock valued at $1,742,000 after purchasing an additional 7,564 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Starbucks by 198.2% during the first quarter. Cetera Investment Advisers now owns 543,855 shares of the coffee company’s stock valued at $49,703,000 after buying an additional 361,489 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insider Activity at Starbucks

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at approximately $5,697,682.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares of the company’s stock, valued at $7,057,327.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total transaction of $299,916.40. Following the transaction, the chief executive officer now directly owns 62,502 shares in the company, valued at $5,697,682.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

Starbucks Trading Down 0.7 %

NASDAQ:SBUX traded down $0.73 during midday trading on Monday, hitting $98.14. 863,340 shares of the company were exchanged, compared to its average volume of 11,258,991. The company has a fifty day simple moving average of $95.98 and a 200 day simple moving average of $85.46. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $107.66. The company has a market capitalization of $111.21 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the firm posted $1.06 EPS. Starbucks’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Starbucks Co. will post 3.42 EPS for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.61 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, November 15th. Starbucks’s dividend payout ratio (DPR) is currently 73.72%.

Analyst Ratings Changes

Several research analysts recently issued reports on SBUX shares. DZ Bank lowered Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price on the stock. in a research report on Wednesday, August 21st. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $80.00 to $76.00 in a report on Tuesday, September 24th. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $80.00 to $120.00 in a research note on Wednesday, August 14th. Wedbush reduced their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.32.

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.