Universal Beteiligungs und Servicegesellschaft mbH Acquires 36,583 Shares of Starbucks Corporation $SBUX

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,734 shares of the coffee company’s stock after purchasing an additional 36,583 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Starbucks worth $73,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alliance Wealth Advisors LLC raised its holdings in shares of Starbucks by 2.1% in the second quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company’s stock valued at $474,000 after buying an additional 108 shares during the last quarter. Cooper Haims Advisors LLC increased its position in Starbucks by 3.0% in the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock valued at $344,000 after acquiring an additional 110 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of Starbucks by 1.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,293 shares of the coffee company’s stock worth $760,000 after acquiring an additional 117 shares during the last quarter. Diligent Investors LLC lifted its position in shares of Starbucks by 1.9% during the second quarter. Diligent Investors LLC now owns 6,132 shares of the coffee company’s stock worth $562,000 after purchasing an additional 117 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $994,500.00. Following the completion of the acquisition, the director directly owned 53,096 shares of the company’s stock, valued at $4,513,160. The trade was a 28.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Starbucks Trading Up 0.7%

Starbucks stock opened at $93.66 on Wednesday. The firm has a market capitalization of $106.50 billion, a P/E ratio of 57.11, a PEG ratio of 1.96 and a beta of 0.97. The business has a 50-day moving average of $86.37 and a 200-day moving average of $87.01. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, February 13th. This represents a $2.48 annualized dividend and a yield of 2.6%. Starbucks’s payout ratio is currently 151.22%.

Wall Street Analysts Forecast Growth

SBUX has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starbucks in a report on Monday, December 29th. BTIG Research reaffirmed a “buy” rating and set a $105.00 price target on shares of Starbucks in a research note on Thursday, October 30th. Sanford C. Bernstein set a $100.00 price objective on Starbucks and gave the stock an “outperform” rating in a research report on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Starbucks in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $105.00 price target on shares of Starbucks and gave the stock an “overweight” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.56.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.