Blue Bell Private Wealth Management LLC Acquires 118 Shares of Starbucks Co. (NASDAQ:SBUX)

Blue Bell Private Wealth Management LLC increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598 shares of the coffee company’s stock after purchasing an additional 118 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Starbucks were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SBUX. 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. lifted its position in Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Atticus Wealth Management LLC lifted its position in Starbucks by 153.8% during the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in Starbucks during the second quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Starbucks during the first quarter valued at approximately $37,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 0.4 %

Shares of SBUX stock opened at $87.19 on Tuesday. The stock has a market cap of $98.72 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. Starbucks Co. has a fifty-two week low of $86.36 and a fifty-two week high of $115.48. The firm’s 50 day moving average price is $92.45 and its two-hundred day moving average price is $94.79.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $9.43 billion for 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 earned $0.75 earnings per share. On average, equities analysts forecast that Starbucks Co. will post 4.05 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.61%. Starbucks’s dividend payout ratio (DPR) is 60.96%.

Analysts Set New Price Targets

A number of research firms recently commented on SBUX. Stephens reissued an “equal weight” rating and set a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. BTIG Research cut their price objective on shares of Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Citigroup cut their target price on shares of Starbucks from $103.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. StockNews.com cut shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.24.

Insider Transactions at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the sale, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 4,000 shares of company stock valued at $375,665. Corporate insiders own 1.98% of the company’s stock.

Starbucks 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.