WoodTrust Financial Corp Acquires 1,577 Shares of Starbucks Co. (NASDAQ:SBUX)

WoodTrust Financial Corp raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,924 shares of the coffee company’s stock after acquiring an additional 1,577 shares during the quarter. Starbucks makes up 0.6% of WoodTrust Financial Corp’s holdings, making the stock its 29th largest holding. WoodTrust Financial Corp’s holdings in Starbucks were worth $5,933,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vima LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $26,000. DSM Capital Partners LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $27,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Fairman Group LLC purchased a new stake in shares of Starbucks during the 4th quarter worth $30,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Stifel Nicolaus decreased their price objective on Starbucks from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. William Blair cut Starbucks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 1st. Bank of America upped their price objective on Starbucks from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Morgan Stanley decreased their price objective 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 ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $94.54.

Starbucks Price Performance

SBUX stock traded down $1.39 during mid-day trading on Friday, reaching $77.85. 13,207,542 shares of the company’s stock were exchanged, compared to its average volume of 10,825,160. The company has a market cap of $88.18 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The stock’s 50 day moving average is $79.66 and its 200 day moving average is $88.09. Starbucks Co. has a 12-month low of $71.80 and a 12-month high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. On average, research analysts forecast that Starbucks Co. will post 3.59 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio is presently 62.81%.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock valued at $878,893 over the last ninety days. Insiders own 1.98% of the company’s stock.

Starbucks Company 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.