Starbucks Co. (NASDAQ:SBUX) Shares Bought by Community Bank N.A.

Community Bank N.A. raised its position in Starbucks Co. (NASDAQ:SBUX) by 12.0% in the 4th quarter, Holdings Channel reports. The fund owned 12,705 shares of the coffee company’s stock after purchasing an additional 1,365 shares during the period. Community Bank N.A.’s holdings in Starbucks were worth $1,220,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SBUX. Vanguard Group Inc. boosted its stake in shares of Starbucks by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock valued at $9,756,001,000 after buying an additional 387,632 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Starbucks by 1.5% during the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock valued at $1,388,924,000 after buying an additional 232,031 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Starbucks by 11.8% during the 3rd quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock valued at $962,144,000 after buying an additional 1,115,051 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Starbucks by 44.8% during the 4th quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after buying an additional 1,591,206 shares during the last quarter. Finally, Jensen Investment Management Inc. boosted its stake in shares of Starbucks by 2.8% during the 3rd quarter. Jensen Investment Management Inc. now owns 4,956,442 shares of the coffee company’s stock valued at $452,374,000 after buying an additional 133,620 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 0.7 %

Shares of SBUX traded down $0.63 during mid-day trading on Thursday, reaching $88.12. The company’s stock had a trading volume of 3,895,903 shares, compared to its average volume of 8,349,980. The business has a fifty day moving average of $90.57 and a 200 day moving average of $94.35. The company has a market cap of $99.77 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97. Starbucks Co. has a 1 year low of $84.29 and a 1 year high of $115.48.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Starbucks’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. On average, analysts predict that Starbucks Co. will post 3.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. Starbucks’s payout ratio is currently 60.96%.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. TD Cowen restated a “hold” rating and set a $100.00 price objective on shares of Starbucks in a research note on Thursday, April 11th. Citigroup reduced their price objective on Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Wedbush reiterated a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Morgan Stanley lowered their price objective on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $105.00 target price on shares of Starbucks in a research report on Monday, April 1st. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $106.68.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is owned by insiders.

Starbucks Profile

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.