Starbucks Co. (NASDAQ:SBUX) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,666 shares of the coffee company’s stock after selling 99 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Starbucks were worth $404,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Breiter Capital Management Inc. lifted its stake in shares of Starbucks by 13.5% during the second quarter. Breiter Capital Management Inc. now owns 18,805 shares of the coffee company’s stock worth $2,103,000 after buying an additional 2,238 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Starbucks by 12.1% during the second quarter. Aptus Capital Advisors LLC now owns 37,674 shares of the coffee company’s stock worth $4,212,000 after buying an additional 4,053 shares during the period. Meridian Wealth Management LLC lifted its stake in shares of Starbucks by 21.5% during the second quarter. Meridian Wealth Management LLC now owns 13,925 shares of the coffee company’s stock worth $1,557,000 after buying an additional 2,463 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Starbucks by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 10,393,980 shares of the coffee company’s stock worth $1,162,152,000 after buying an additional 757,995 shares during the period. Finally, Liberty Wealth Management LLC lifted its stake in shares of Starbucks by 11,217.0% during the second quarter. Liberty Wealth Management LLC now owns 600,819 shares of the coffee company’s stock worth $5,374,000 after buying an additional 595,510 shares during the period. Institutional investors and hedge funds own 68.27% of the company’s stock.

SBUX stock opened at $113.97 on Thursday. The stock has a market capitalization of $134.38 billion, a P/E ratio of 32.10, a P/E/G ratio of 1.60 and a beta of 0.84. The firm has a 50-day simple moving average of $112.55 and a 200-day simple moving average of $114.44. Starbucks Co. has a 52 week low of $95.92 and a 52 week high of $126.32.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, October 28th. The coffee company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.22 billion. Starbucks had a net margin of 14.45% and a negative return on equity of 55.34%. The company’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities research analysts expect that Starbucks Co. will post 3.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 25th. Investors of record on Friday, February 11th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, February 10th. This represents a $1.96 dividend on an annualized basis and a yield of 1.72%. Starbucks’s payout ratio is presently 55.21%.

Several research analysts recently issued reports on SBUX shares. Wells Fargo & Company reduced their target price on shares of Starbucks from $135.00 to $122.00 and set an “overweight” rating for the company in a report on Friday, October 29th. Bank of America started coverage on shares of Starbucks in a report on Monday, October 11th. They set a “buy” rating and a $135.00 target price for the company. Wedbush reduced their target price on shares of Starbucks from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Friday, October 29th. Atlantic Securities cut shares of Starbucks from an “overweight” rating to a “neutral” rating and set a $105.00 target price for the company. in a report on Thursday, September 30th. Finally, Argus cut shares of Starbucks from a “buy” rating to a “hold” rating in a report on Thursday, November 4th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $123.00.

In other Starbucks news, insider Michael Aaron Conway sold 47,088 shares of the business’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $111.50, for a total value of $5,250,312.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gina Woods sold 4,030 shares of the business’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $113.41, for a total transaction of $457,042.30. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Starbucks Profile

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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