Starbucks Co. (SBUX) Shares Bought by HL Financial Services LLC

HL Financial Services LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,370 shares of the coffee company’s stock after purchasing an additional 14,821 shares during the period. HL Financial Services LLC’s holdings in Starbucks were worth $9,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Archford Capital Strategies LLC grew its holdings in Starbucks by 669.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock worth $107,000 after acquiring an additional 1,902 shares in the last quarter. Polaris Greystone Financial Group LLC bought a new position in Starbucks during the 3rd quarter worth about $107,000. Fort L.P. bought a new position in Starbucks during the 2nd quarter worth about $112,000. Point72 Hong Kong Ltd bought a new position in Starbucks during the 2nd quarter worth about $115,000. Finally, RPg Family Wealth Advisory LLC grew its holdings in Starbucks by 155.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock worth $134,000 after acquiring an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.

Several research analysts have issued reports on SBUX shares. Wedbush dropped their target price on shares of Starbucks from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. BMO Capital Markets increased their price target on shares of Starbucks from $51.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, November 2nd. BidaskClub lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. UBS Group set a $72.00 price target on shares of Starbucks and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, Barclays decreased their price target on shares of Starbucks from $60.00 to $57.00 and set a “$51.15” rating for the company in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the stock. Starbucks presently has a consensus rating of “Hold” and a consensus price target of $63.48.

In other Starbucks news, Director Javier G. Teruel sold 166,666 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $52.70, for a total transaction of $8,783,298.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Myron E. Ullman III sold 99,166 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total transaction of $5,459,088.30. Following the sale, the director now directly owns 29,000 shares in the company, valued at approximately $1,596,450. The disclosure for this sale can be found here. Insiders have sold a total of 280,832 shares of company stock valued at $15,052,087 over the last three months. 3.40% of the stock is currently owned by insiders.

SBUX opened at $68.72 on Friday. Starbucks Co. has a 12-month low of $47.37 and a 12-month high of $68.98. The company has a quick ratio of 1.95, a current ratio of 2.20 and a debt-to-equity ratio of 7.73. The company has a market cap of $89.05 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The company had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the firm posted $0.55 EPS. Starbucks’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that Starbucks Co. will post 2.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 14th. Starbucks’s dividend payout ratio is presently 59.50%.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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