Kapitalo Investimentos Ltda Boosts Holdings in Starbucks Co. (NASDAQ:SBUX)

Kapitalo Investimentos Ltda increased its position in Starbucks Co. (NASDAQ:SBUX) by 51.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 615 shares of the coffee company’s stock after purchasing an additional 208 shares during the period. Kapitalo Investimentos Ltda’s holdings in Starbucks were worth $59,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. Vima LLC bought a new position in Starbucks in the 4th quarter valued at approximately $26,000. DSM Capital Partners LLC purchased a new stake in Starbucks during the 4th quarter valued at $27,000. Fairman Group LLC bought a new stake in shares of Starbucks in the 4th quarter worth $30,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $79.72 on Friday. The stock has a fifty day simple moving average of $80.49 and a two-hundred day simple moving average of $88.83. The firm has a market capitalization of $90.30 billion, a PE ratio of 21.96, a PEG ratio of 1.75 and a beta of 0.96. Starbucks Co. has a 52-week low of $71.80 and a 52-week high of $107.66.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.86%. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America increased their price objective on Starbucks from $108.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, June 10th. DZ Bank lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Friday, May 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Citigroup dropped their target price on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, The Goldman Sachs Group started coverage on shares of Starbucks in a research note on Thursday, June 13th. They set a “buy” rating and a $100.00 target price for the company. Seventeen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $95.00.

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at approximately $5,234,480. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 65,431 shares in the company, valued at $5,234,480. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,304 shares in the company, valued at $6,264,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,750 shares of company stock worth $878,893. 1.98% of the stock is owned by insiders.

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.