4,897 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Everpar Advisors LLC

Everpar Advisors LLC purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,897 shares of the coffee company’s stock, valued at approximately $470,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Starbucks by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock worth $9,756,001,000 after purchasing an additional 387,632 shares during the period. Northern Trust Corp boosted its position in Starbucks by 1.5% during the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after purchasing an additional 232,031 shares during the period. Fisher Asset Management LLC boosted its position in Starbucks by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 11,367,331 shares of the coffee company’s stock worth $1,091,378,000 after purchasing an additional 268,030 shares during the period. Invesco Ltd. boosted its position in Starbucks by 11.8% during the 3rd quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock worth $962,144,000 after purchasing an additional 1,115,051 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Starbucks by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,027,953 shares of the coffee company’s stock valued at $948,093,000 after buying an additional 27,496 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Stephens restated an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Tuesday, January 16th. HSBC lowered their target price on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Barclays lowered their target price on Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, Morgan Stanley lowered their target price on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Seventeen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.43.

Starbucks Stock Performance

Shares of Starbucks stock traded up $1.00 during trading on Wednesday, hitting $73.50. 24,468,960 shares of the stock were exchanged, compared to its average volume of 9,881,239. Starbucks Co. has a 12 month low of $71.80 and a 12 month high of $108.11. The stock’s fifty day moving average is $88.03 and its 200 day moving average is $93.53. The stock has a market cap of $83.25 billion, a PE ratio of 20.25, a P/E/G ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. Starbucks’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. Sell-side analysts anticipate that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is currently 62.81%.

Insiders Place Their Bets

In related news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the sale, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 7,250 shares of company stock worth $651,738. 1.98% of the stock is owned by company insiders.

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.