Tompkins Financial Corp Has $65,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Tompkins Financial Corp reduced its stake in Starbucks Co. (NASDAQ:SBUX) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714 shares of the coffee company’s stock after selling 331 shares during the quarter. Tompkins Financial Corp’s holdings in Starbucks were worth $65,000 at the end of the most recent reporting period.

Several other institutional investors 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 about $25,000. DT Investment Partners LLC boosted its position in shares of Starbucks by 39.4% during 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 in the last quarter. FSA Wealth Management LLC acquired a new stake in Starbucks during the third quarter worth approximately $49,000. Friedenthal Financial bought a new stake in Starbucks in the third quarter worth approximately $50,000. Finally, Capital Performance Advisors LLP acquired a new position in Starbucks in the third quarter valued at approximately $71,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.7 %

Starbucks stock opened at $95.13 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The company’s 50 day moving average price is $95.89 and its two-hundred day moving average price is $91.38. The stock has a market cap of $107.86 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.73 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3.1 EPS 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 is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.56%. Starbucks’s payout ratio is currently 73.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SBUX. Sanford C. Bernstein raised shares of Starbucks from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $92.00 to $115.00 in a research report on Thursday, September 26th. UBS Group lifted their price target on shares of Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wedbush dropped their price objective on shares of Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada assumed coverage on Starbucks in a research note on Friday, November 15th. They set an “outperform” rating and a $115.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $103.92.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % 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. 1.98% of the stock is currently owned by corporate 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.