Starbucks Co. (SBUX) Shares Bought by MAI Capital Management

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MAI Capital Management boosted its position in Starbucks Co. (NASDAQ:SBUX) by 44.1% during the fourth quarter, Holdings Channel reports. The fund owned 29,158 shares of the coffee company’s stock after acquiring an additional 8,920 shares during the period. MAI Capital Management’s holdings in Starbucks were worth $1,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBUX. Gardiner Nancy B grew its stake in shares of Starbucks by 2.8% during the fourth quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock valued at $367,000 after buying an additional 156 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of Starbucks by 1.8% during the fourth quarter. Kistler Tiffany Companies LLC now owns 9,319 shares of the coffee company’s stock valued at $600,000 after buying an additional 162 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its holdings in shares of Starbucks by 1.0% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 18,716 shares of the coffee company’s stock worth $1,205,000 after purchasing an additional 184 shares during the period. Mycio Wealth Partners LLC boosted its holdings in shares of Starbucks by 5.6% during the fourth quarter. Mycio Wealth Partners LLC now owns 3,799 shares of the coffee company’s stock worth $245,000 after purchasing an additional 201 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in shares of Starbucks by 2.5% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 8,331 shares of the coffee company’s stock worth $537,000 after purchasing an additional 204 shares during the period. 77.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of SBUX opened at $69.75 on Monday. The company has a market cap of $86.74 billion, a P/E ratio of 28.82, a PEG ratio of 2.00 and a beta of 0.48. The company has a quick ratio of 1.16, a current ratio of 1.41 and a debt-to-equity ratio of 7.73. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $69.82.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.49 billion. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 2.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Thursday, February 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 6th. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

In related news, insider Clifford Burrows sold 152,634 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the completion of the sale, the insider now owns 311,083 shares of the company’s stock, valued at $20,910,999.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vivek C. Varma sold 50,000 shares of Starbucks stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $69.13, for a total transaction of $3,456,500.00. Following the completion of the sale, the executive vice president now directly owns 117,640 shares of the company’s stock, valued at approximately $8,132,453.20. The disclosure for this sale can be found here. Insiders have sold 444,972 shares of company stock valued at $30,358,876 in the last three months. 3.98% of the stock is owned by insiders.

SBUX has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on shares of Starbucks to $74.00 and gave the stock an “outperform” rating in a report on Friday, December 14th. Bank of America set a $75.00 target price on shares of Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. Jefferies Financial Group reiterated a “buy” rating and set a $76.00 target price on shares of Starbucks in a report on Friday, November 30th. They noted that the move was a valuation call. BMO Capital Markets dropped their target price on shares of Starbucks to $60.00 and set a “market perform” rating for the company in a report on Friday, January 11th. They noted that the move was a valuation call. Finally, Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Monday, November 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. Starbucks currently has a consensus rating of “Hold” and a consensus price target of $67.01.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

See Also: Coverage Ratio

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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