Mather Group LLC. Buys 2,575 Shares of Starbucks Co. (NASDAQ:SBUX)

Mather Group LLC. boosted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,214 shares of the coffee company’s stock after acquiring an additional 2,575 shares during the period. Mather Group LLC.’s holdings in Starbucks were worth $1,652,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SBUX. International Assets Investment Management LLC grew its holdings in Starbucks by 4,564.9% during the 4th quarter. International Assets Investment Management LLC now owns 773,811 shares of the coffee company’s stock valued at $74,294,000 after buying an additional 757,223 shares in the last quarter. Fulton Bank N.A. increased its holdings in Starbucks by 2.8% in the 4th quarter. Fulton Bank N.A. now owns 17,849 shares of the coffee company’s stock valued at $1,714,000 after acquiring an additional 481 shares during the last quarter. Allworth Financial LP lifted its stake in Starbucks by 9.8% in the 4th quarter. Allworth Financial LP now owns 21,890 shares of the coffee company’s stock worth $2,102,000 after purchasing an additional 1,949 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of Starbucks by 2.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 9,268 shares of the coffee company’s stock valued at $890,000 after purchasing an additional 253 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Starbucks by 3.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 394,167 shares of the coffee company’s stock valued at $37,709,000 after purchasing an additional 12,635 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $80.00, for a total transaction of $260,000.00. Following the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total transaction of $260,000.00. Following the sale, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at approximately $6,264,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,250 shares of company stock valued at $579,375. Company insiders own 1.98% of the company’s stock.

Starbucks Stock Up 2.0 %

NASDAQ:SBUX traded up $1.51 during midday trading on Tuesday, hitting $75.37. The stock had a trading volume of 10,519,625 shares, compared to its average volume of 10,875,823. The stock has a 50-day moving average of $77.51 and a 200 day moving average of $84.42. The company has a market capitalization of $85.41 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.76 and a beta of 0.94. Starbucks Co. has a one year low of $71.55 and a one year high of $107.66.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. On average, sell-side analysts anticipate that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.57 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.28 annualized dividend and a dividend yield of 3.03%. Starbucks’s dividend payout ratio is currently 62.81%.

Analysts Set New Price Targets

A number of brokerages recently commented on SBUX. HSBC dropped their price target on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Evercore ISI cut shares of Starbucks from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $92.00 to $80.00 in a research report on Tuesday, July 16th. Stifel Nicolaus lowered their price objective on shares of Starbucks from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. TD Cowen reduced their target price on shares of Starbucks from $85.00 to $81.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Starbucks from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of “Hold” and a consensus target price of $90.88.

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.