MeadowBrook Investment Advisors LLC Makes New $1.01 Million Investment in Starbucks Co. (NASDAQ:SBUX)

MeadowBrook Investment Advisors LLC purchased a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,500 shares of the coffee company’s stock, valued at approximately $1,008,000.

Several other institutional investors have also recently bought and sold shares of the business. Orca Investment Management LLC raised its stake in shares of Starbucks by 6.6% in the fourth quarter. Orca Investment Management LLC now owns 7,494 shares of the coffee company’s stock valued at $719,000 after buying an additional 466 shares during the period. Cerity Partners LLC grew its position in shares of Starbucks by 481.9% during the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after purchasing an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after buying an additional 7,619 shares in the last quarter. FFT Wealth Management LLC purchased a new position in Starbucks during the fourth quarter worth about $209,000. Finally, Tyche Wealth Partners LLC bought a new position in Starbucks in the 4th quarter worth about $794,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 7,250 shares of company stock valued at $651,738 in the last quarter. 1.98% of the stock is currently owned by insiders.

Starbucks Trading Down 0.4 %

NASDAQ:SBUX traded down $0.30 during trading hours on Tuesday, reaching $72.60. 7,343,080 shares of the company traded hands, compared to its average volume of 9,542,110. Starbucks Co. has a 1 year low of $72.13 and a 1 year high of $108.12. The stock has a market capitalization of $82.23 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.58 and a beta of 0.97. The business’s 50-day moving average price is $88.46 and its two-hundred day moving average price is $93.69.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same period last year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts anticipate that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.14%. Starbucks’s dividend payout ratio is currently 62.81%.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Robert W. Baird cut their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Stephens reaffirmed an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. Guggenheim decreased their price objective on Starbucks from $100.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Wells Fargo & Company reduced their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Seventeen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and a consensus price target of $96.43.

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.