Krilogy Financial LLC Sells 141 Shares of Starbucks Co. (NASDAQ:SBUX)

Krilogy Financial LLC decreased its stake in shares of Starbucks Co. (NASDAQ:SBUXGet Rating) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,292 shares of the coffee company’s stock after selling 141 shares during the period. Krilogy Financial LLC’s holdings in Starbucks were worth $481,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Guardian Wealth Management Inc. bought a new stake in shares of Starbucks during the 4th quarter worth about $25,000. Delos Wealth Advisors LLC bought a new stake in Starbucks in the 4th quarter valued at about $28,000. Bromfield Sneider Wealth Advisors bought a new stake in Starbucks in the 1st quarter valued at about $25,000. Burleson & Company LLC boosted its holdings in Starbucks by 2,660.0% in the 1st quarter. Burleson & Company LLC now owns 276 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 266 shares during the period. Finally, Herold Advisors Inc. acquired a new position in shares of Starbucks in the 1st quarter valued at approximately $29,000. Institutional investors own 67.97% of the company’s stock.

Starbucks Stock Performance

NASDAQ SBUX opened at $84.70 on Friday. Starbucks Co. has a 52-week low of $68.39 and a 52-week high of $117.80. The company has a 50-day simple moving average of $86.02 and a 200 day simple moving average of $81.48. The company has a market capitalization of $97.18 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Starbucks (NASDAQ:SBUXGet Rating) last issued its earnings results on Tuesday, August 2nd. The coffee company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.22 billion. Starbucks had a net margin of 13.03% and a negative return on equity of 47.28%. During the same quarter last year, the business earned $1.01 earnings per share. As a group, analysts forecast that Starbucks Co. will post 2.88 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.96 dividend on an annualized basis and a yield of 2.31%. Starbucks’s dividend payout ratio is presently 55.21%.

Insiders Place Their Bets

In other Starbucks news, Director Mellody L. Hobson bought 54,750 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was purchased at an average price of $92.58 per share, for a total transaction of $5,068,755.00. Following the completion of the transaction, the director now directly owns 433,254 shares of the company’s stock, valued at $40,110,655.32. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Zabrina Jenkins sold 4,020 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $93.00, for a total value of $373,860.00. Following the completion of the transaction, the executive vice president now directly owns 36,337 shares in the company, valued at $3,379,341. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson acquired 54,750 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was purchased at an average price of $92.58 per share, with a total value of $5,068,755.00. Following the completion of the transaction, the director now directly owns 433,254 shares of the company’s stock, valued at approximately $40,110,655.32. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SBUX shares. Wedbush upped their price objective on shares of Starbucks from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 14th. Robert W. Baird upped their price objective on shares of Starbucks from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, September 14th. Morgan Stanley increased their target price on shares of Starbucks from $88.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 15th. Cowen upped their price objective on shares of Starbucks from $94.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Starbucks from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, September 14th. Sixteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.71.

Starbucks Company Profile

(Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

See Also

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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