Starbucks Co. (NASDAQ:SBUX) Shares Bought by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 23,929 shares of the coffee company’s stock after buying an additional 419 shares during the period. Signet Investment Advisory Group Inc.’s holdings in Starbucks were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. Collier Financial acquired a new stake in Starbucks in the 4th quarter valued at about $27,000. DT Investment Partners LLC lifted its stake in Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Starbucks during the 3rd quarter valued at $49,000. Finally, Friedenthal Financial acquired a new position in shares of Starbucks in the 3rd quarter valued at $50,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the transaction, the chief financial officer now directly owns 65,648 shares in the company, valued at $6,503,747.36. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup increased their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their target price on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Bank of America lowered their price objective on shares of Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Trading Down 0.4 %

Shares of Starbucks stock opened at $111.03 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $112.62. The firm has a fifty day simple moving average of $97.32 and a 200-day simple moving average of $95.10. The stock has a market capitalization of $126.12 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 3.52 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, research analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is currently 78.71%.

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.