Burford Brothers Inc. Buys 2,724 Shares of Starbucks Co. (NASDAQ:SBUX)

Burford Brothers Inc. increased its position in Starbucks Co. (NASDAQ:SBUX) by 57.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,444 shares of the coffee company’s stock after acquiring an additional 2,724 shares during the quarter. Burford Brothers Inc.’s holdings in Starbucks were worth $679,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SBUX. DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC bought a new stake in Starbucks during the third quarter valued at $49,000. Friedenthal Financial purchased a new position in Starbucks during the third quarter worth about $50,000. Capital Performance Advisors LLP bought a new position in Starbucks in the 3rd quarter worth about $71,000. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Starbucks by 61.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 726 shares of the coffee company’s stock valued at $71,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.2 %

Starbucks stock opened at $107.68 on Monday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $110.34. The company has a market capitalization of $122.31 billion, a P/E ratio of 34.74, a PEG ratio of 3.40 and a beta of 1.00. The stock’s 50 day moving average is $96.19 and its 200 day moving average is $93.48.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts expect that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Citigroup raised their price target on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America cut their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

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.