Starbucks Co. (SBUX) Stake Lowered by First National Bank of Omaha

First National Bank of Omaha lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,916 shares of the coffee company’s stock after selling 5,817 shares during the period. First National Bank of Omaha’s holdings in Starbucks were worth $7,423,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Polaris Greystone Financial Group LLC acquired a new stake in Starbucks during the third quarter valued at $107,000. Archford Capital Strategies LLC boosted its position in Starbucks by 669.7% during the second quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock valued at $107,000 after purchasing an additional 1,902 shares during the last quarter. Fort L.P. acquired a new stake in Starbucks during the second quarter valued at $112,000. Point72 Hong Kong Ltd acquired a new stake in Starbucks during the second quarter valued at $115,000. Finally, RPg Family Wealth Advisory LLC boosted its position in Starbucks by 155.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock valued at $134,000 after purchasing an additional 1,673 shares during the last quarter. 71.77% of the stock is owned by institutional investors and hedge funds.

Starbucks stock opened at $68.60 on Friday. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.95 and a current ratio of 2.20. The stock has a market capitalization of $91.95 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48. Starbucks Co. has a 52 week low of $47.37 and a 52 week high of $68.98.

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

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

Several equities analysts have weighed in on the company. Bank of America set a $68.00 target price on Starbucks and gave the company a “buy” rating in a report on Friday, November 2nd. DZ Bank lowered Starbucks to a “sell” rating in a report on Monday, November 5th. UBS Group lowered Starbucks from a “hold” rating to a “sell” rating in a report on Monday, November 5th. Oppenheimer raised their target price on Starbucks from $61.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, Barclays raised their target price on Starbucks from $56.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.48.

In other Starbucks news, insider Rosalind G. Brewer acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were acquired at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the completion of the purchase, the insider now owns 7,302 shares of the company’s stock, valued at approximately $394,600.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Myron E. Ullman III sold 99,166 shares of Starbucks stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total value of $5,459,088.30. Following the completion of the transaction, the director now owns 29,000 shares in the company, valued at $1,596,450. The disclosure for this sale can be found here. Insiders sold 280,832 shares of company stock worth $15,052,087 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

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About Starbucks

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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