Phillips Wealth Planners LLC Has $476,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Phillips Wealth Planners LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 50.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,156 shares of the coffee company’s stock after buying an additional 1,739 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Starbucks were worth $476,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SBUX. Strategic Investment Solutions Inc. IL acquired a new stake in Starbucks during the 2nd quarter worth $25,000. DT Investment Partners LLC raised its stake in Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in Starbucks during the 3rd quarter worth $49,000. Friedenthal Financial acquired a new stake in Starbucks during the 3rd quarter worth $50,000. Finally, Capital Performance Advisors LLP acquired a new stake in Starbucks during the 3rd quarter worth $71,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $97.73 on Thursday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The stock has a market capitalization of $110.81 billion, a P/E ratio of 29.53, a PEG ratio of 2.92 and a beta of 0.99. The stock has a 50-day simple moving average of $95.72 and a 200 day simple moving average of $92.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. Research analysts forecast that Starbucks Co. will post 3.09 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.50%. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,452 shares of Starbucks stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the sale, the chief financial officer now directly owns 65,648 shares in the company, valued at approximately $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. BTIG Research increased their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Bank of America lowered their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Barclays lowered their target price on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Wedbush lowered their target price on Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.