Field & Main Bank Acquires 505 Shares of Starbucks Co. (NASDAQ:SBUX)

Field & Main Bank raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,930 shares of the coffee company’s stock after buying an additional 505 shares during the quarter. Field & Main Bank’s holdings in Starbucks were worth $953,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SBUX. Avestar Capital LLC lifted its stake in shares of Starbucks by 14.2% in the third quarter. Avestar Capital LLC now owns 4,638 shares of the coffee company’s stock valued at $423,000 after buying an additional 577 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Starbucks by 8.4% during the third quarter. Brookstone Capital Management now owns 18,541 shares of the coffee company’s stock valued at $1,751,000 after purchasing an additional 1,443 shares in the last quarter. Capital Planning LLC lifted its position in shares of Starbucks by 14.3% during the third quarter. Capital Planning LLC now owns 7,849 shares of the coffee company’s stock valued at $716,000 after purchasing an additional 980 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Starbucks by 0.4% during the third quarter. Commonwealth Equity Services LLC now owns 590,751 shares of the coffee company’s stock valued at $53,918,000 after purchasing an additional 2,514 shares in the last quarter. Finally, FAS Wealth Partners Inc. lifted its position in shares of Starbucks by 4.6% during the third quarter. FAS Wealth Partners Inc. now owns 22,083 shares of the coffee company’s stock valued at $2,015,000 after purchasing an additional 976 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research report on Friday, April 19th. Stephens reissued an “equal weight” rating and set a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Citigroup dropped their price target on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus lowered their price objective on shares of Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Finally, Gordon Haskett lowered shares of 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. Fourteen research 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 stock has an average rating of “Hold” and an average price target of $106.55.

Starbucks Stock Up 0.1 %

NASDAQ:SBUX traded up $0.08 during mid-day trading on Monday, hitting $88.33. 8,519,671 shares of the stock traded hands, compared to its average volume of 8,378,088. The business’s 50-day moving average price is $90.27 and its 200 day moving average price is $94.27. The company has a market cap of $100.01 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. Starbucks Co. has a 12-month low of $84.29 and a 12-month high of $115.48.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the firm earned $0.75 EPS. Starbucks’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.58%. Starbucks’s dividend payout ratio is presently 60.96%.

Insiders Place Their Bets

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 7,250 shares of company stock valued at $651,738 in the last quarter. Corporate insiders own 1.98% of the company’s stock.

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.