Francis Financial Inc. Buys New Position in Starbucks Co. (NASDAQ:SBUX)

Francis Financial Inc. bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,230 shares of the coffee company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Willow Creek Wealth Management Inc. boosted its position in Starbucks by 3.0% in the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after purchasing an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. boosted its position in Starbucks by 2.4% in the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after purchasing an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after purchasing an additional 100 shares during the last quarter. Herold Advisors Inc. boosted its position in Starbucks by 4.3% in the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock worth $221,000 after purchasing an additional 100 shares during the last quarter. Finally, Rodgers Brothers Inc. boosted its position in Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock worth $755,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 4,000 shares of company stock valued at $375,665. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SBUX shares. Wedbush reaffirmed a “neutral” rating and set a $95.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. StockNews.com cut Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Robert W. Baird dropped their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 16th. Finally, Citigroup lowered their price objective on Starbucks from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $110.05.

Starbucks Trading Down 0.1 %

SBUX opened at $91.39 on Friday. Starbucks Co. has a 12-month low of $89.21 and a 12-month high of $115.48. The firm has a 50 day moving average of $93.04 and a two-hundred day moving average of $95.17. The firm has a market capitalization of $103.47 billion, a PE ratio of 24.44, a P/E/G ratio of 1.46 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. As a group, analysts predict that Starbucks Co. will post 4.06 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

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.