Advisory Research Inc. Boosts Position in Starbucks Co. (SBUX)

Advisory Research Inc. boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 210.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,765 shares of the coffee company’s stock after purchasing an additional 47,960 shares during the quarter. Advisory Research Inc.’s holdings in Starbucks were worth $4,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Starbucks by 9.7% in the second quarter. Acadian Asset Management LLC now owns 21,788 shares of the coffee company’s stock valued at $1,064,000 after buying an additional 1,929 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Starbucks in the second quarter valued at $731,000. CWM LLC lifted its stake in shares of Starbucks by 40.8% in the second quarter. CWM LLC now owns 187,999 shares of the coffee company’s stock valued at $9,184,000 after buying an additional 54,494 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of Starbucks in the second quarter valued at $1,595,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Starbucks by 80.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 954,442 shares of the coffee company’s stock valued at $46,624,000 after buying an additional 426,222 shares in the last quarter. Institutional investors own 71.14% of the company’s stock.

In related news, Director Myron E. Ullman III sold 99,166 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total transaction of $5,459,088.30. Following the completion of the sale, the director now owns 29,000 shares in the company, valued at $1,596,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

NASDAQ SBUX opened at $66.72 on Friday. Starbucks Co. has a 52-week low of $47.37 and a 52-week high of $68.98. The company has a debt-to-equity ratio of 7.73, a current ratio of 2.20 and a quick ratio of 1.95. The stock has a market cap of $82.97 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.87 and a beta of 0.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Starbucks Co. will post 2.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.16%. Starbucks’s dividend payout ratio (DPR) is presently 59.50%.

A number of research firms have weighed in on SBUX. Wedbush reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Starbucks in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Wells Fargo & Co raised their price objective on shares of Starbucks from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, October 17th. BidaskClub lowered shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Telsey Advisory Group increased their target price on shares of Starbucks from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.05.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Read More: Correction

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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