Herold Advisors Inc. Raises Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Herold Advisors Inc. raised its stake in Starbucks Co. (NASDAQ:SBUX) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,572 shares of the coffee company’s stock after buying an additional 150 shares during the quarter. Herold Advisors Inc.’s holdings in Starbucks were worth $247,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SBUX. Willow Creek Wealth Management Inc. raised its holdings in shares of Starbucks by 3.0% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock valued at $302,000 after buying an additional 97 shares during the period. Valley Brook Capital Group Inc. lifted its position in shares of Starbucks by 2.4% during the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after purchasing an additional 100 shares in the last quarter. Charles Schwab Investment Advisory Inc. boosted its stake in shares of Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock valued at $206,000 after purchasing an additional 100 shares during the period. Rodgers Brothers Inc. grew its holdings in shares of Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock valued at $755,000 after purchasing an additional 100 shares in the last quarter. Finally, Baker Ellis Asset Management LLC lifted its holdings in Starbucks by 1.9% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 5,859 shares of the coffee company’s stock worth $535,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SBUX shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. BMO Capital Markets cut their price objective on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Piper Sandler dropped their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Wedbush decreased their price target on Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday. Finally, Morgan Stanley dropped their price objective on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $106.55.

Starbucks Price Performance

Shares of SBUX stock traded up $0.41 on Friday, hitting $88.25. 7,183,643 shares of the stock traded hands, compared to its average volume of 8,379,258. Starbucks Co. has a 1-year low of $84.29 and a 1-year high of $115.48. The company’s fifty day moving average is $90.36 and its 200 day moving average is $94.27. The company has a market capitalization of $99.92 billion, a PE ratio of 23.60, a PEG ratio of 1.49 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. As a group, equities research analysts expect that Starbucks Co. will post 3.99 EPS for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Insider Activity at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 7,250 shares of company stock worth $651,738 in the last 90 days. 1.98% of the stock is currently owned by company insiders.

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.