Kiley Juergens Wealth Management LLC Increases Position in Starbucks Co. (NASDAQ:SBUX)

Kiley Juergens Wealth Management LLC grew its stake in Starbucks Co. (NASDAQ:SBUX) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 120,247 shares of the coffee company’s stock after purchasing an additional 1,734 shares during the period. Starbucks makes up approximately 3.9% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 7th largest position. Kiley Juergens Wealth Management LLC’s holdings in Starbucks were worth $11,545,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SBUX. Freedom Wealth Alliance LLC bought a new position in shares of Starbucks in the fourth quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. increased its position in shares of Starbucks by 1,578.9% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Atticus Wealth Management LLC raised its stake in shares of 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 purchasing an additional 200 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of Starbucks in the 2nd quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Starbucks during the first quarter valued at about $37,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SBUX. Morgan Stanley lowered their price objective on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday. Stephens reiterated an “equal weight” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. TD Cowen reaffirmed a “hold” rating and set a $100.00 price target on shares of Starbucks in a research report on Thursday, April 11th. Finally, StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Starbucks has an average rating of “Hold” and a consensus target price of $107.43.

Starbucks Price Performance

NASDAQ:SBUX traded up $0.25 during trading hours on Tuesday, hitting $85.42. The stock had a trading volume of 8,866,426 shares, compared to its average volume of 8,390,786. The firm has a market capitalization of $96.71 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.36 and a beta of 0.98. Starbucks Co. has a one year low of $84.29 and a one year high of $115.48. The company has a 50 day simple moving average of $91.71 and a two-hundred day simple moving average of $94.57.

Starbucks (NASDAQ:SBUX) last announced its 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 during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.75 earnings per share. Equities research analysts anticipate that Starbucks Co. will post 4.05 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.67%. Starbucks’s payout ratio is presently 60.96%.

Insiders Place Their Bets

In other news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the transaction, the insider now directly owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,000 shares of company stock valued at $375,665 in the last quarter. Corporate insiders own 1.98% of the company’s stock.

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.