Madison Park Capital Advisors LLC Invests $393,000 in Starbucks Co. (NASDAQ:SBUX)

Madison Park Capital Advisors LLC purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,088 shares of the coffee company’s stock, valued at approximately $393,000.

Several other hedge funds also recently made changes to their positions in the business. Cumberland Partners Ltd grew its stake in shares of Starbucks by 38.1% during the 4th quarter. Cumberland Partners Ltd now owns 14,035 shares of the coffee company’s stock worth $1,341,000 after acquiring an additional 3,870 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Starbucks in the fourth quarter valued at $623,000. Masso Torrence Wealth Management Inc. bought a new position in shares of Starbucks in the fourth quarter valued at $213,000. Parkside Financial Bank & Trust grew its stake in shares of Starbucks by 17.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,915 shares of the coffee company’s stock valued at $664,000 after buying an additional 1,015 shares in the last quarter. Finally, SlateStone Wealth LLC grew its stake in shares of Starbucks by 10.3% in the fourth quarter. SlateStone Wealth LLC now owns 33,523 shares of the coffee company’s stock valued at $3,219,000 after buying an additional 3,134 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded down $0.31 during midday trading on Tuesday, hitting $87.87. 5,662,674 shares of the stock were exchanged, compared to its average volume of 8,423,798. The stock has a market capitalization of $99.49 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.42 and a beta of 0.98. The business’s 50-day moving average price is $90.68 and its 200 day moving average price is $94.39. Starbucks Co. has a 12 month low of $84.29 and a 12 month high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 4.01 EPS for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is currently 60.96%.

Insider Buying and Selling

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 7,000 shares of company stock valued at $629,738 over the last ninety days. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on SBUX shares. BMO Capital Markets cut their price target on Starbucks from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Stifel Nicolaus cut their price target on Starbucks from $102.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, April 11th. Wedbush reaffirmed a “neutral” rating and set a $95.00 price target on shares of Starbucks in a report on Wednesday, January 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a report on Friday. Finally, 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 report on Monday, March 18th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $106.68.

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.