GAM Holding AG Makes New Investment in Starbucks Corporation $SBUX

GAM Holding AG acquired a new stake in Starbucks Corporation (NASDAQ:SBUXFree Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 21,412 shares of the coffee company’s stock, valued at approximately $1,811,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Game Plan Financial Advisors LLC acquired a new stake in shares of Starbucks in the second quarter valued at about $25,000. Transce3nd LLC raised its stake in Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of Starbucks in the second quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Starbucks by 125.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in shares of Starbucks during the 2nd quarter worth approximately $28,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX stock opened at $83.97 on Friday. The company has a 50-day simple moving average of $84.75 and a two-hundred day simple moving average of $87.25. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The company has a market capitalization of $95.48 billion, a price-to-earnings ratio of 51.20, a PEG ratio of 1.76 and a beta of 0.97.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $9.57 billion during 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. On average, sell-side analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, February 13th. Starbucks’s dividend payout ratio is 151.22%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SBUX. Royal Bank Of Canada set a $100.00 price objective on shares of Starbucks and gave the stock an “outperform” rating in a research report on Thursday, October 30th. BTIG Research reissued a “buy” rating and set a $105.00 target price on shares of Starbucks in a research note on Thursday, October 30th. Citigroup dropped their price target on Starbucks from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Zacks Research lowered shares of Starbucks from a “hold” rating to a “strong sell” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus target price of $101.44.

View Our Latest Stock Report on Starbucks

Insider Activity

In other news, Director Jorgen Vig Knudstorp purchased 11,700 shares of the company’s stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $85.00 per share, with a total value of $994,500.00. Following the completion of the purchase, the director directly owned 53,096 shares in the company, valued at approximately $4,513,160. This trade represents a 28.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

Starbucks Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.