Register Financial Advisors LLC Acquires Shares of 633 Starbucks Co. (NASDAQ:SBUX)

Register Financial Advisors LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 633 shares of the coffee company’s stock, valued at approximately $58,000.

Other institutional investors have also recently bought and sold shares of the company. Scarborough Advisors LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Vima LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. DSM Capital Partners LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Fairman Group LLC bought a new stake in shares of Starbucks during the 4th quarter worth approximately $30,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings 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 worth $29,000 after acquiring an additional 300 shares during the period. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SBUX. Jefferies Financial Group cut their price target on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. UBS Group cut their price target on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. DZ Bank cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research report on Friday, May 3rd. Evercore ISI lowered their price objective on shares of Starbucks from $120.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Morgan Stanley lowered their price objective on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Seventeen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Hold” and an average target price of $94.54.

Insider Transactions at Starbucks

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

Starbucks Stock Down 1.7 %

SBUX opened at $77.85 on Friday. Starbucks Co. has a twelve month low of $71.80 and a twelve month high of $107.66. The company has a fifty day moving average of $79.66 and a 200-day moving average of $88.09. The stock has a market cap of $88.18 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share 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 firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Starbucks 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.