Nisa Investment Advisors LLC Has $36.63 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Nisa Investment Advisors LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 401,473 shares of the coffee company’s stock after selling 24,260 shares during the period. Nisa Investment Advisors LLC’s holdings in Starbucks were worth $36,634,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC grew its stake in Starbucks by 9.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 4,672 shares of the coffee company’s stock valued at $426,000 after buying an additional 417 shares during the last quarter. MCF Advisors LLC boosted its holdings in Starbucks by 20.0% during the fourth quarter. MCF Advisors LLC now owns 1,839 shares of the coffee company’s stock valued at $168,000 after acquiring an additional 307 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of Starbucks by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,140,119 shares of the coffee company’s stock valued at $104,036,000 after purchasing an additional 3,132 shares during the last quarter. JBGlobal.com LLC bought a new position in shares of Starbucks in the fourth quarter worth about $329,000. Finally, Atomi Financial Group Inc. lifted its position in shares of Starbucks by 13.3% during the 4th quarter. Atomi Financial Group Inc. now owns 14,861 shares of the coffee company’s stock worth $1,356,000 after purchasing an additional 1,741 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.98% of the company’s stock.

Starbucks Trading Up 3.0 %

NASDAQ SBUX opened at $97.98 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $103.32. The company has a 50 day moving average of $95.74 and a 200-day moving average of $91.84. The firm has a market cap of $111.09 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.82 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. On average, analysts forecast that Starbucks Co. will post 3.1 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given 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 2.49%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

Analyst Ratings Changes

A number of analysts have issued reports on SBUX shares. Sanford C. Bernstein raised Starbucks from a “market perform” rating to an “outperform” rating and raised their target price for the company from $92.00 to $115.00 in a report on Thursday, September 26th. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada initiated coverage on shares of Starbucks in a research note on Friday, November 15th. They set an “outperform” rating and a $115.00 target price for the company. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Finally, Citigroup boosted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.