Stableford Capital II LLC Has $896,000 Holdings in Starbucks Co. (NASDAQ:SBUX)

Stableford Capital II LLC decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,824 shares of the coffee company’s stock after selling 186 shares during the quarter. Stableford Capital II LLC’s holdings in Starbucks were worth $896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Starbucks during the second quarter worth $25,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Starbucks by 19.0% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 215,988 shares of the coffee company’s stock valued at $16,815,000 after acquiring an additional 34,498 shares during the last quarter. Czech National Bank grew its holdings in Starbucks by 6.9% during the 3rd quarter. Czech National Bank now owns 230,845 shares of the coffee company’s stock worth $22,505,000 after acquiring an additional 14,999 shares during the period. Curbstone Financial Management Corp raised its position in shares of Starbucks by 1.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 12,510 shares of the coffee company’s stock worth $1,220,000 after acquiring an additional 230 shares in the last quarter. Finally, Bright Rock Capital Management LLC bought a new stake in shares of Starbucks during the 3rd quarter valued at about $9,749,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America decreased their price target on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Redburn Atlantic reissued a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, TD Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Insiders Place Their Bets

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.98% of the company’s stock.

Starbucks Trading Down 1.2 %

Shares of Starbucks stock opened at $107.68 on Friday. The firm has a market capitalization of $122.31 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The business’s fifty day simple moving average is $96.19 and its 200 day simple moving average is $93.36. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $110.34.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.30%. During the same quarter last year, the company earned $0.90 earnings per share. Analysts predict that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.27%. Starbucks’s payout ratio is 78.71%.

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.