Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,185 shares of the coffee company’s stock after purchasing an additional 833 shares during the period. Aptus Capital Advisors LLC’s holdings in Starbucks were worth $1,285,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SBUX. Strategic Investment Solutions Inc. IL acquired a new stake in Starbucks in the 2nd quarter valued at approximately $25,000. New Millennium Group LLC bought a new stake in shares of Starbucks during the second quarter valued at about $26,000. Stephens Consulting LLC lifted its holdings in Starbucks by 498.2% in the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company’s stock worth $26,000 after purchasing an additional 279 shares during the period. Hobbs Group Advisors LLC bought a new position in Starbucks in the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC acquired a new position in Starbucks during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

SBUX stock opened at $99.23 on Friday. The firm has a 50 day simple moving average of $96.45 and a 200 day simple moving average of $86.03. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The stock has a market cap of $112.45 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the business posted $1.06 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts predict that Starbucks Co. will post 3.15 EPS for the current year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.61 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.44 dividend on an annualized basis and a yield of 2.46%. This is an increase from Starbucks’s previous quarterly dividend of $0.57. Starbucks’s payout ratio is 68.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SBUX. UBS Group increased their price objective on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wedbush dropped their price objective on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Baird R W raised Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group cut shares of Starbucks from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Finally, TD Cowen restated a “buy” rating and set a $110.00 price objective on shares of Starbucks in a research report on Monday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.31.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp acquired 380 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This represents a 1.06 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.98% of the company’s stock.

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.