Starbucks Co. (NASDAQ:SBUX) Shares Bought by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. grew its stake in Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,929 shares of the coffee company’s stock after acquiring an additional 419 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Starbucks were worth $2,184,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of Starbucks during the third quarter worth $195,000. Grove Bank & Trust boosted its stake in Starbucks by 21.3% in the 3rd quarter. Grove Bank & Trust now owns 1,401 shares of the coffee company’s stock worth $137,000 after buying an additional 246 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in Starbucks by 2.1% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 10,094 shares of the coffee company’s stock valued at $984,000 after buying an additional 204 shares during the period. Hayek Kallen Investment Management increased its stake in shares of Starbucks by 3.5% during the 3rd quarter. Hayek Kallen Investment Management now owns 13,001 shares of the coffee company’s stock valued at $1,267,000 after acquiring an additional 441 shares during the last quarter. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Starbucks by 10.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 3,220 shares of the coffee company’s stock worth $314,000 after acquiring an additional 294 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of recent analyst reports. Bank of America lowered their target price on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets increased their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Finally, UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Starbucks Stock Performance

NASDAQ:SBUX opened at $111.03 on Wednesday. The stock has a market cap of $126.12 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $112.62. The business’s 50-day simple moving average is $97.32 and its 200 day simple moving average is $95.10.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the business posted $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio is currently 78.71%.

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.