Trevian Wealth Management LLC Purchases New Holdings in Starbucks Corporation $SBUX

Trevian Wealth Management LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,001 shares of the coffee company’s stock, valued at approximately $1,354,000. Starbucks makes up about 0.7% of Trevian Wealth Management LLC’s portfolio, making the stock its 16th largest position.

Several other institutional investors also recently modified their holdings of SBUX. Brighton Jones LLC raised its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Starbucks by 8.7% during the 1st quarter. Empowered Funds LLC now owns 49,826 shares of the coffee company’s stock valued at $4,887,000 after acquiring an additional 4,008 shares in the last quarter. SCS Capital Management LLC bought a new stake in Starbucks in the first quarter valued at about $470,000. Bayforest Capital Ltd acquired a new position in Starbucks in the first quarter worth about $170,000. Finally, SageView Advisory Group LLC raised its position in Starbucks by 11.7% in the first quarter. SageView Advisory Group LLC now owns 13,201 shares of the coffee company’s stock worth $1,295,000 after purchasing an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Up 1.7%

Starbucks stock opened at $88.18 on Friday. The stock has a 50-day simple moving average of $84.97 and a 200 day simple moving average of $87.16. The stock has a market capitalization of $100.27 billion, a price-to-earnings ratio of 53.77, a P/E/G ratio of 1.82 and a beta of 0.97. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted 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). Starbucks had a net margin of 4.99% and a negative return on equity of 31.32%. The company had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current 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 yield of 2.8%. The ex-dividend date is Friday, February 13th. Starbucks’s payout ratio is 151.22%.

Insider Transactions at Starbucks

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada set a $100.00 price objective on Starbucks and gave the company an “outperform” rating in a report on Thursday, October 30th. Mizuho raised Starbucks to a “hold” rating in a research note on Tuesday, October 28th. Sanford C. Bernstein set a $100.00 price target on Starbucks and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wells Fargo & Company set a $100.00 price objective on Starbucks and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, BTIG Research restated a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.04.

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.