4,359 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,359 shares of the coffee company’s stock, valued at approximately $419,000.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Freedom Wealth Alliance LLC bought a new stake in Starbucks during the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. grew its holdings in Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. Atticus Wealth Management LLC grew its holdings in Starbucks by 153.8% during the 4th quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Starbucks in the 2nd quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks in the 1st quarter valued at $37,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX stock traded down $0.11 on Thursday, hitting $91.39. The stock had a trading volume of 6,481,499 shares, compared to its average volume of 8,584,698. The business has a 50 day moving average of $93.04 and a 200 day moving average of $95.17. The stock has a market cap of $103.47 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. Starbucks Co. has a 12-month low of $89.21 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 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 company had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that Starbucks Co. will post 4.06 earnings per share for the current fiscal 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 issued a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.49%. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Robert W. Baird cut their target price on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Wedbush reissued a “neutral” rating and set a $95.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $102.00 target price on shares of Starbucks in a research note on Wednesday, January 31st. Finally, Stephens restated an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.05.

Insider Buying and Selling

In related news, insider Michael Aaron Conway sold 3,250 shares of the firm’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 sale, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 4,000 shares of company stock worth $375,665. Insiders own 1.98% of the company’s stock.

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.