Bender Robert & Associates Has $4.37 Million Position in Starbucks Co. (SBUX)

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Bender Robert & Associates trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,752 shares of the coffee company’s stock after selling 1,641 shares during the quarter. Starbucks comprises approximately 2.1% of Bender Robert & Associates’ holdings, making the stock its 17th biggest position. Bender Robert & Associates’ holdings in Starbucks were worth $4,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Kistler Tiffany Companies LLC grew its holdings in Starbucks by 1.5% during the 1st quarter. Kistler Tiffany Companies LLC now owns 9,461 shares of the coffee company’s stock valued at $703,000 after buying an additional 142 shares in the last quarter. Orrstown Financial Services Inc. grew its holdings in shares of Starbucks by 1.2% in the first quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock valued at $955,000 after purchasing an additional 147 shares in the last quarter. Gardiner Nancy B grew its holdings in shares of Starbucks by 2.8% in the fourth quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock valued at $367,000 after purchasing an additional 156 shares in the last quarter. Old North State Trust LLC grew its holdings in shares of Starbucks by 20.6% in the first quarter. Old North State Trust LLC now owns 991 shares of the coffee company’s stock valued at $73,000 after purchasing an additional 169 shares in the last quarter. Finally, Tiemann Investment Advisors LLC grew its holdings in shares of Starbucks by 3.5% in the fourth quarter. Tiemann Investment Advisors LLC now owns 5,160 shares of the coffee company’s stock valued at $332,000 after purchasing an additional 175 shares in the last quarter. 75.37% of the stock is owned by institutional investors.

In other news, insider John Culver sold 63,937 shares of Starbucks stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $78.04, for a total transaction of $4,989,643.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.98% of the stock is owned by company insiders.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Starbucks from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 target price (up from $70.00) on shares of Starbucks in a report on Monday, May 6th. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Wednesday, May 15th. Citigroup raised their target price on shares of Starbucks from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Stephens raised their target price on shares of Starbucks from $65.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Starbucks has a consensus rating of “Buy” and an average target price of $73.88.

Shares of SBUX opened at $76.15 on Friday. The firm has a market capitalization of $92.23 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.17 and a beta of 0.51. Starbucks Co. has a 52-week low of $47.37 and a 52-week high of $79.65. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. Starbucks’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 9th were given a $0.36 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. Starbucks’s dividend payout ratio is presently 59.50%.

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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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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