Octavia Wealth Advisors LLC Has $421,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Octavia Wealth Advisors LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 81.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,389 shares of the coffee company’s stock after purchasing an additional 1,971 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Starbucks were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Willow Creek Wealth Management Inc. raised its position in shares of Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares in the last quarter. Valley Brook Capital Group Inc. raised its position in shares of Starbucks by 2.4% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock valued at $383,000 after buying an additional 100 shares in the last quarter. Charles Schwab Investment Advisory Inc. raised its position in shares of Starbucks by 4.6% in the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after buying an additional 100 shares in the last quarter. Herold Advisors Inc. raised its position in shares of Starbucks by 4.3% in the 3rd quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock valued at $221,000 after buying an additional 100 shares in the last quarter. Finally, Rodgers Brothers Inc. raised its position in shares of Starbucks by 1.2% in the 3rd quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after buying an additional 100 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ:SBUX opened at $85.42 on Wednesday. The firm’s fifty day moving average is $91.51 and its 200-day moving average is $94.53. Starbucks Co. has a 52 week low of $84.29 and a 52 week high of $115.48. The firm has a market cap of $96.71 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.36 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starbucks Co. will post 4.04 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.67%. Starbucks’s payout ratio is presently 60.96%.

Insider Activity at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 4,000 shares of company stock worth $375,665 in the last quarter. Company insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SBUX. Morgan Stanley dropped their target price on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com lowered shares of Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $105.00 price target on shares of Starbucks in a report on Monday, April 1st. TD Cowen reaffirmed a “hold” rating and set a $100.00 price target on shares of Starbucks in a report on Thursday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Hold” and an average target price of $107.43.

About Starbucks

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.