USA Mutuals Advisors Inc. Purchases New Stake in Starbucks Co. (SBUX)

USA Mutuals Advisors Inc. purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the coffee company’s stock, valued at approximately $1,149,000. Starbucks accounts for about 0.6% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SBUX. Janus Henderson Group PLC raised its position in Starbucks by 3,076.5% in the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after buying an additional 13,452,551 shares during the last quarter. Parnassus Investments CA acquired a new stake in Starbucks in the 3rd quarter valued at approximately $498,863,000. Capital International Investors raised its position in Starbucks by 28.3% in the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock valued at $1,142,386,000 after buying an additional 4,696,452 shares during the last quarter. Harding Loevner LP acquired a new stake in Starbucks in the 3rd quarter valued at approximately $128,044,000. Finally, Renaissance Technologies LLC raised its position in Starbucks by 539.2% in the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock valued at $228,504,000 after buying an additional 3,305,700 shares during the last quarter. 73.49% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently issued reports on SBUX shares. Vetr lowered Starbucks from a “buy” rating to a “hold” rating and set a $61.72 target price on the stock. in a research report on Monday, January 8th. Tigress Financial started coverage on Starbucks in a research report on Wednesday, December 27th. They issued a “buy” rating on the stock. Goldman Sachs lowered Starbucks from a “conviction-buy” rating to a “buy” rating and dropped their target price for the company from $73.00 to $68.00 in a research report on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Starbucks in a research report on Friday, January 26th. Finally, Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Thirteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.64.

In related news, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the completion of the sale, the insider now directly owns 331,829 shares in the company, valued at approximately $18,920,889.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the sale, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The disclosure for this sale can be found here. Insiders sold a total of 247,664 shares of company stock valued at $14,243,602 over the last 90 days. 3.48% of the stock is currently owned by corporate insiders.

Starbucks Co. (NASDAQ:SBUX) opened at $58.30 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The company has a market capitalization of $82,930.40, a P/E ratio of 19.24, a PEG ratio of 1.63 and a beta of 0.66.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts anticipate that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 annualized dividend and a yield of 2.06%. Starbucks’s dividend payout ratio (DPR) is presently 39.60%.

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About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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