Silvia Mccoll Wealth Management LLC Buys 140 Shares of Starbucks Co. (NASDAQ:SBUX)

Silvia Mccoll Wealth Management LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,916 shares of the coffee company’s stock after purchasing an additional 140 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Starbucks were worth $227,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Starbucks by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 108,403,768 shares of the coffee company’s stock worth $9,907,020,000 after purchasing an additional 470,498 shares in the last quarter. Norges Bank purchased a new stake in shares of Starbucks in the fourth quarter worth about $1,240,652,000. Fisher Asset Management LLC grew its stake in Starbucks by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 11,367,331 shares of the coffee company’s stock valued at $1,091,378,000 after acquiring an additional 268,030 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Starbucks by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,027,953 shares of the coffee company’s stock worth $948,093,000 after acquiring an additional 27,496 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in Starbucks by 106.7% in the 1st quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock worth $512,943,000 after purchasing an additional 2,897,282 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Rachel Ruggeri sold 3,750 shares of the 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 sale, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks 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 transaction, the chief executive officer now directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The disclosure for this sale can be found here. Insiders sold 7,250 shares of company stock worth $579,375 in the last quarter. 1.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SBUX shares. Wells Fargo & Company decreased their price target on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Starbucks from $89.00 to $85.00 and set a “hold” rating for the company in a research report on Tuesday, July 16th. Barclays lowered their target price on shares of Starbucks from $95.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group lowered their price objective on shares of Starbucks from $84.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut their price objective on Starbucks from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $93.04.

Starbucks Trading Up 24.5 %

SBUX stock traded up $18.87 on Tuesday, hitting $95.90. The company had a trading volume of 156,973,288 shares, compared to its average volume of 11,757,102. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $107.66. The stock’s 50-day simple moving average is $77.18 and its 200 day simple moving average is $83.82. The stock has a market cap of $108.63 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 1.80 and a beta of 0.94.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the firm earned $1.00 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Research analysts forecast that Starbucks Co. will post 3.55 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s payout ratio is currently 62.81%.

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.