Fiduciary Financial Services of The Southwest Inc. TX Purchases 170 Shares of Starbucks Co. (NASDAQ:SBUX)

Fiduciary Financial Services of The Southwest Inc. TX increased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,991 shares of the coffee company’s stock after buying an additional 170 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Starbucks were worth $1,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Starbucks in the 4th quarter valued at $807,368,000. FMR LLC boosted its holdings in Starbucks by 19.8% in the 1st quarter. FMR LLC now owns 10,424,208 shares of the coffee company’s stock valued at $774,936,000 after purchasing an additional 1,720,231 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Starbucks by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,100,583 shares of the coffee company’s stock valued at $264,063,000 after purchasing an additional 20,719 shares during the period. American Century Companies Inc. boosted its holdings in Starbucks by 12.8% in the 4th quarter. American Century Companies Inc. now owns 3,339,579 shares of the coffee company’s stock valued at $215,069,000 after purchasing an additional 378,461 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Starbucks by 162.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock valued at $278,964,000 after purchasing an additional 2,058,082 shares during the period. 71.86% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on SBUX shares. Stephens increased their price target on shares of Starbucks from $72.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. KeyCorp increased their price target on shares of Starbucks from $84.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Wedbush increased their price target on shares of Starbucks from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Starbucks from $86.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Morgan Stanley increased their price target on shares of Starbucks from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $89.53.

Shares of Starbucks stock opened at $96.30 on Friday. The firm has a market cap of $113.98 billion, a PE ratio of 34.63, a P/E/G ratio of 2.63 and a beta of 0.55. The stock’s 50-day moving average price is $90.21. Starbucks Co. has a 12-month low of $51.19 and a 12-month high of $99.72.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Equities research analysts expect that Starbucks Co. will post 2.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, August 8th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, August 7th. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

In related news, Director Myron E. Ullman III sold 9,973 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $76.12, for a total transaction of $759,144.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Culver sold 63,937 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $78.04, for a total transaction of $4,989,643.48. The disclosure for this sale can be found here. Insiders have sold a total of 133,738 shares of company stock valued at $11,291,327 in the last quarter. 3.98% of the stock is currently owned by corporate insiders.

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 beverages, iced tea, 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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