2,584 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,584 shares of the coffee company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC grew its position in shares of Starbucks by 3.5% during the 4th quarter. Bleakley Financial Group LLC now owns 16,549 shares of the coffee company’s stock valued at $1,510,000 after purchasing an additional 552 shares in the last quarter. YANKCOM Partnership purchased a new stake in shares of Starbucks in the 4th quarter valued at $771,000. Tectonic Advisors LLC grew its holdings in shares of Starbucks by 1.4% during the 4th quarter. Tectonic Advisors LLC now owns 10,171 shares of the coffee company’s stock valued at $928,000 after purchasing an additional 143 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Starbucks by 30.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 3,553 shares of the coffee company’s stock worth $348,000 after purchasing an additional 827 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Starbucks by 11.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,106 shares of the coffee company’s stock worth $38,631,000 after purchasing an additional 41,849 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Insider Activity at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the 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 sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Starbucks Stock Up 1.5 %

Shares of NASDAQ:SBUX opened at $112.25 on Thursday. The stock has a market cap of $127.50 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 3.40 and a beta of 1.00. The business’s 50 day moving average is $96.73 and its 200 day moving average is $94.20. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $112.42.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 44.97%. During the same quarter in the previous year, the business posted $0.90 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 3 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 2.17%. Starbucks’s dividend payout ratio (DPR) 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.