Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Security National Bank


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Security National Bank boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 65,039 shares of the coffee company’s stock after buying an additional 974 shares during the period. Starbucks makes up approximately 2.1% of Security National Bank’s portfolio, making the stock its 19th largest holding. Security National Bank’s holdings in Starbucks were worth $7,107,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. JNB Advisors LLC lifted its stake in Starbucks by 1.9% during the fourth quarter. JNB Advisors LLC now owns 5,093 shares of the coffee company’s stock valued at $545,000 after purchasing an additional 96 shares during the last quarter. Resource Management LLC lifted its stake in Starbucks by 1.8% during the fourth quarter. Resource Management LLC now owns 5,660 shares of the coffee company’s stock valued at $605,000 after purchasing an additional 98 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its stake in Starbucks by 0.7% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 13,764 shares of the coffee company’s stock valued at $1,472,000 after purchasing an additional 100 shares during the last quarter. Clean Yield Group lifted its stake in Starbucks by 12.2% during the fourth quarter. Clean Yield Group now owns 918 shares of the coffee company’s stock valued at $98,000 after purchasing an additional 100 shares during the last quarter. Finally, Harvey Capital Management Inc. raised its holdings in shares of Starbucks by 0.6% during the fourth quarter. Harvey Capital Management Inc. now owns 16,100 shares of the coffee company’s stock valued at $1,722,000 after acquiring an additional 100 shares during the period. 67.27% of the stock is owned by institutional investors and hedge funds.

In other Starbucks news, CEO Kevin R. Johnson sold 170,000 shares of the stock in a transaction on Monday, April 5th. The shares were sold at an average price of $111.07, for a total value of $18,881,900.00. Following the completion of the sale, the chief executive officer now directly owns 515,934 shares of the company’s stock, valued at approximately $57,304,789.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rachel A. Gonzalez sold 82,894 shares of the stock in a transaction on Monday, March 29th. The shares were sold at an average price of $109.50, for a total transaction of $9,076,893.00. Following the completion of the transaction, the executive vice president now owns 78,905 shares of the company’s stock, valued at approximately $8,640,097.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 406,184 shares of company stock valued at $44,685,798. Insiders own 0.41% of the company’s stock.

Several research firms have weighed in on SBUX. Tigress Financial reiterated a “buy” rating on shares of Starbucks in a research note on Sunday, January 31st. Wedbush upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $108.00 to $124.00 in a research note on Thursday, March 25th. Piper Sandler upped their price objective on shares of Starbucks from $100.00 to $104.00 in a research note on Wednesday, January 27th. Wells Fargo & Company upped their price objective on shares of Starbucks from $116.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Finally, Telsey Advisory Group upped their price objective on shares of Starbucks from $108.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, March 23rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $107.22.

Shares of NASDAQ SBUX traded up $0.68 during trading hours on Thursday, hitting $113.87. 105,901 shares of the stock were exchanged, compared to its average volume of 6,578,707. The company’s 50 day moving average is $107.10 and its 200 day moving average is $99.66. The firm has a market capitalization of $134.06 billion, a P/E ratio of 147.00, a P/E/G ratio of 2.67 and a beta of 0.82. Starbucks Co. has a one year low of $68.54 and a one year high of $113.82.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Monday, January 25th. The coffee company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. Starbucks had a net margin of 3.95% and a negative return on equity of 18.07%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the firm earned $0.79 EPS. The business’s revenue was down 4.9% on a year-over-year basis. On average, analysts anticipate that Starbucks Co. will post 2.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Thursday, May 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, May 12th. Starbucks’s dividend payout ratio (DPR) is presently 153.85%.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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