Starbucks Co. (NASDAQ:SBUX) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,674 shares of the coffee company’s stock after purchasing an additional 5,653 shares during the period. Toth Financial Advisory Corp’s holdings in Starbucks were worth $4,624,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SBUX. Public Sector Pension Investment Board increased its holdings in shares of Starbucks by 73.1% during the second quarter. Public Sector Pension Investment Board now owns 43,633 shares of the coffee company’s stock valued at $3,397,000 after purchasing an additional 18,420 shares during the period. Fred Alger Management LLC increased its stake 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 valued at $3,320,000 after acquiring an additional 1,503 shares during the period. Daymark Wealth Partners LLC increased its stake in shares of Starbucks by 21.8% during the second quarter. Daymark Wealth Partners LLC now owns 14,254 shares of the coffee company’s stock valued at $1,110,000 after acquiring an additional 2,552 shares during the period. MBB Public Markets I LLC increased its stake in shares of Starbucks by 2,424.2% during the second quarter. MBB Public Markets I LLC now owns 80,346 shares of the coffee company’s stock valued at $6,255,000 after acquiring an additional 77,163 shares during the period. Finally, Maverick Capital Ltd. increased its stake in shares of Starbucks by 142.8% during the second quarter. Maverick Capital Ltd. now owns 1,425,353 shares of the coffee company’s stock valued at $110,964,000 after acquiring an additional 838,195 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the transaction, the chief financial officer now directly owns 65,648 shares in the company, valued at $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Stock Up 0.8 %

Starbucks stock opened at $98.81 on Friday. The stock has a market cap of $112.03 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.91 and a beta of 0.99. The company’s fifty day simple moving average is $95.66 and its 200-day simple moving average is $92.25. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $103.32.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. On average, equities research analysts expect that Starbucks Co. will post 3.08 earnings per share 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 paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.47%. Starbucks’s payout ratio is 73.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on SBUX. TD Cowen reaffirmed a “buy” rating and set a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Wedbush lowered their target price on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Barclays lowered their target price on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday. Finally, Bank of America decreased their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

About Starbucks

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.