Field & Main Bank Has $953,000 Position in Starbucks Co. (NASDAQ:SBUX)

Field & Main Bank raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,930 shares of the coffee company’s stock after purchasing an additional 505 shares during the quarter. Field & Main Bank’s holdings in Starbucks were worth $953,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SBUX. Avestar Capital LLC grew its holdings in shares of Starbucks by 14.2% during the 3rd quarter. Avestar Capital LLC now owns 4,638 shares of the coffee company’s stock valued at $423,000 after acquiring an additional 577 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Starbucks by 8.4% during the 3rd quarter. Brookstone Capital Management now owns 18,541 shares of the coffee company’s stock valued at $1,751,000 after acquiring an additional 1,443 shares in the last quarter. Capital Planning LLC grew its holdings in shares of Starbucks by 14.3% during the 3rd quarter. Capital Planning LLC now owns 7,849 shares of the coffee company’s stock valued at $716,000 after acquiring an additional 980 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Starbucks by 0.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 590,751 shares of the coffee company’s stock valued at $53,918,000 after acquiring an additional 2,514 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its holdings in Starbucks by 4.6% in the third quarter. FAS Wealth Partners Inc. now owns 22,083 shares of the coffee company’s stock worth $2,015,000 after purchasing an additional 976 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SBUX. Jefferies Financial Group decreased their price objective on shares of Starbucks from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Stephens reiterated an “equal weight” rating and issued a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Citigroup decreased their price objective on shares of Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Morgan Stanley decreased their price objective on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $106.55.

Starbucks Trading Up 0.1 %

NASDAQ:SBUX traded up $0.08 during mid-day trading on Monday, hitting $88.33. The company’s stock had a trading volume of 8,519,671 shares, compared to its average volume of 8,378,088. Starbucks Co. has a fifty-two week low of $84.29 and a fifty-two week high of $115.48. The company has a market capitalization of $100.01 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.48 and a beta of 0.98. The stock has a fifty day moving average of $90.27 and a 200-day moving average of $94.27.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period last year, the company earned $0.75 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Co. will post 3.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 60.96%.

Insider Transactions at Starbucks

In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 7,250 shares of company stock valued at $651,738. Corporate insiders own 1.98% of the company’s stock.

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.