Evanson Asset Management LLC Acquires 205 Shares of Starbucks Co. (NASDAQ:SBUX)

Evanson Asset Management LLC grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,546 shares of the coffee company’s stock after acquiring an additional 205 shares during the quarter. Evanson Asset Management LLC’s holdings in Starbucks were worth $340,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Freedom Wealth Alliance LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. grew its position in Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the period. Atticus Wealth Management LLC lifted its holdings in shares of Starbucks by 153.8% during the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after buying an additional 200 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of Starbucks in the 2nd quarter worth $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Starbucks in the first quarter valued at about $37,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.1 %

Shares of NASDAQ:SBUX traded down $0.11 during midday trading on Thursday, reaching $91.39. The company’s stock had a trading volume of 6,481,499 shares, compared to its average volume of 8,584,698. The firm has a market capitalization of $103.47 billion, a PE ratio of 24.48, a P/E/G ratio of 1.44 and a beta of 0.98. The stock has a fifty day moving average of $93.04 and a 200 day moving average of $95.17. Starbucks Co. has a twelve month low of $89.21 and a twelve month high of $115.48.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that Starbucks Co. will post 4.06 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird cut their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Wedbush restated a “neutral” rating and issued a $95.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. TD Cowen restated a “market perform” rating and issued a $102.00 price target on shares of Starbucks in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $110.05.

Insider Transactions at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 4,000 shares of company stock valued at $375,665 in the last three months. 1.98% of the stock is currently owned by company insiders.

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.