Valley Brook Capital Group Inc. Has $423,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Valley Brook Capital Group Inc. grew its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,410 shares of the coffee company’s stock after purchasing an additional 210 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Starbucks were worth $423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flossbach Von Storch AG boosted its stake in Starbucks by 8,677.8% in the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after purchasing an additional 2,684,470 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Starbucks by 432.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock worth $195,825,000 after buying an additional 1,656,591 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Starbucks in the third quarter valued at about $147,125,000. Nordea Investment Management AB raised its position in Starbucks by 44.8% in the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock valued at $493,350,000 after purchasing an additional 1,591,206 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after purchasing an additional 1,281,471 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks 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 sale, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 7,250 shares of company stock worth $651,738 in the last three months. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Down 2.4 %

SBUX traded down $1.82 during trading on Friday, hitting $73.11. The company’s stock had a trading volume of 22,153,770 shares, compared to its average volume of 12,042,146. Starbucks Co. has a one year low of $72.67 and a one year high of $108.12. The firm has a market cap of $82.81 billion, a PE ratio of 20.14, a P/E/G ratio of 1.36 and a beta of 0.97. The business’s 50 day simple moving average is $88.89 and its 200-day simple moving average is $93.84.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities research analysts expect that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 3.12%. Starbucks’s payout ratio is 62.81%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SBUX shares. UBS Group lowered their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday. William Blair lowered Starbucks from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Stifel Nicolaus decreased their price objective on Starbucks from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday. Wells Fargo & Company reduced their target price on Starbucks from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Citigroup cut their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and an average target price of $97.09.

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.