Foundations Investment Advisors LLC Buys 7,116 Shares of Starbucks Co. (NASDAQ:SBUX)

Foundations Investment Advisors LLC grew its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 85.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,483 shares of the coffee company’s stock after buying an additional 7,116 shares during the period. Foundations Investment Advisors LLC’s holdings in Starbucks were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. raised its position in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Cypress Capital Management LLC WY lifted its position in shares of Starbucks by 133.1% in the fourth quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Atticus Wealth Management LLC boosted its stake in shares of Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after acquiring an additional 200 shares during the period. Evolution Advisers Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth about $36,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Starbucks during the 4th quarter valued at approximately $38,000. 72.29% of the stock is currently owned by institutional investors.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 4,000 shares of company stock valued at $346,140. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Stock Performance

SBUX stock traded down $0.06 during midday trading on Thursday, reaching $75.07. The company’s stock had a trading volume of 5,507,196 shares, compared to its average volume of 9,996,421. The stock has a fifty day simple moving average of $85.96 and a two-hundred day simple moving average of $92.78. Starbucks Co. has a 1 year low of $71.80 and a 1 year high of $107.66. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.64 and a beta of 0.97.

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

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 62.81%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SBUX. Wedbush dropped their price target on Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Robert W. Baird reduced their price target on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. DZ Bank lowered Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Friday, May 3rd. Finally, BTIG Research reduced their price objective on Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Seventeen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.