Valley Brook Capital Group Inc. Has $423,000 Stock Position in Starbucks Co. (NASDAQ:SBUX)

Valley Brook Capital Group Inc. grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,410 shares of the coffee company’s stock after buying an additional 210 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Starbucks were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SBUX. Flossbach Von Storch AG lifted its position in shares of Starbucks by 8,677.8% during the fourth quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock valued at $260,706,000 after purchasing an additional 2,684,470 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Starbucks by 432.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock worth $195,825,000 after acquiring an additional 1,656,591 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Starbucks in the third quarter worth about $147,125,000. Nordea Investment Management AB raised its position in Starbucks by 44.8% in the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock worth $493,350,000 after acquiring an additional 1,591,206 shares during the period. Finally, Cerity Partners LLC raised its position in Starbucks by 481.9% in the fourth quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after acquiring an additional 1,281,471 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 2.4 %

Shares of SBUX traded down $1.82 during mid-day trading on Friday, reaching $73.11. The company’s stock had a trading volume of 22,153,770 shares, compared to its average volume of 12,042,146. The stock has a market cap of $82.81 billion, a PE ratio of 20.14, a P/E/G ratio of 1.36 and a beta of 0.97. Starbucks Co. has a 52 week low of $72.67 and a 52 week high of $108.12. The company’s fifty day moving average price is $88.89 and its two-hundred day moving average price is $93.84.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter in the prior 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. Research analysts anticipate that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.12%. Starbucks’s dividend payout ratio is currently 62.81%.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction 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 directly owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 7,250 shares of company stock worth $651,738 in the last three months. 1.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research reports. Gordon Haskett lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $102.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Evercore ISI lowered their price target on shares of Starbucks from $120.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens reissued an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Piper Sandler lowered their price target on shares of Starbucks from $107.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Seventeen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.09.

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.