Starbucks Co. (NASDAQ:SBUX) Shares Sold by American Capital Advisory LLC

American Capital Advisory LLC lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 19.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 650 shares of the coffee company’s stock after selling 158 shares during the period. American Capital Advisory LLC’s holdings in Starbucks were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC boosted its stake in shares of Starbucks by 6.3% during the third quarter. Concurrent Investment Advisors LLC now owns 50,020 shares of the coffee company’s stock worth $4,876,000 after buying an additional 2,949 shares during the period. Gordian Advisors LLC acquired a new stake in shares of Starbucks during the third quarter worth about $439,000. Maia Wealth LLC boosted its stake in shares of Starbucks by 69.1% during the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company’s stock worth $1,805,000 after buying an additional 7,596 shares during the period. Radnor Capital Management LLC acquired a new stake in shares of Starbucks during the third quarter worth about $1,290,000. Finally, Callahan Advisors LLC boosted its stake in shares of Starbucks by 7.9% during the third quarter. Callahan Advisors LLC now owns 35,947 shares of the coffee company’s stock worth $3,504,000 after buying an additional 2,621 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 0.0 %

Shares of SBUX traded down $0.04 during midday trading on Wednesday, hitting $97.05. The company had a trading volume of 2,031,497 shares, compared to its average volume of 11,222,003. The company’s 50 day moving average price is $95.97 and its 200 day moving average price is $85.60. The stock has a market cap of $109.98 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.81 and a beta of 0.97. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company 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 company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. Equities analysts anticipate that Starbucks Co. will post 3.15 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.61 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.51%. This is an increase from Starbucks’s previous quarterly dividend of $0.57. Starbucks’s payout ratio is presently 68.88%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SBUX. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a report on Monday, August 26th. DZ Bank cut shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a report on Wednesday, August 21st. Stifel Nicolaus increased their target price on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush dropped their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.32.

Insider Activity

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rachel Ruggeri sold 3,290 shares of the business’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 of the company’s stock, valued at $5,697,682.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

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.