Mather Group LLC. Grows Holdings in Starbucks Co. (NASDAQ:SBUX)

Mather Group LLC. grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,413 shares of the coffee company’s stock after purchasing an additional 1,669 shares during the period. Mather Group LLC.’s holdings in Starbucks were worth $1,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC increased its stake in Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after purchasing an additional 1,281,471 shares during the period. Metis Global Partners LLC increased its stake in Starbucks by 15.4% in the third quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after purchasing an additional 7,619 shares during the period. Tyche Wealth Partners LLC bought a new position in shares of Starbucks during the 4th quarter worth $794,000. Insigneo Advisory Services LLC grew its position in shares of Starbucks by 60.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock worth $864,000 after buying an additional 3,570 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID bought a new position in shares of Starbucks during the 4th quarter worth $201,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 7,250 shares of company stock valued at $651,738. Insiders own 1.98% of the company’s stock.

Starbucks Trading Up 0.1 %

Shares of SBUX opened at $88.33 on Tuesday. The stock’s 50 day moving average is $90.27 and its two-hundred day moving average is $94.27. The firm has a market cap of $100.01 billion, a P/E ratio of 23.62, a PEG ratio of 1.48 and a beta of 0.98. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SBUX. Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Tuesday, January 16th. Piper Sandler dropped their price objective on Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Stifel Nicolaus dropped their price objective on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Stephens reaffirmed an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Oppenheimer reiterated a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and a consensus target price of $106.55.

About Starbucks

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.