Collier Financial Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Collier Financial bought a new position in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, Holdings Channel.com reports. The fund bought 291 shares of the coffee company’s stock, valued at approximately $27,000.

Several other institutional investors have also recently made changes to their positions in the stock. JSF Financial LLC bought a new position in shares of Starbucks in the fourth quarter worth about $212,000. Sovran Advisors LLC bought a new position in shares of Starbucks in the fourth quarter worth about $548,000. Stonebridge Financial Group LLC bought a new position in shares of Starbucks in the fourth quarter worth about $393,000. First Fiduciary Investment Counsel Inc. raised its stake in shares of Starbucks by 3.3% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 92,329 shares of the coffee company’s stock worth $8,425,000 after buying an additional 2,939 shares during the period. Finally, Panoramic Capital Partners LLC bought a new position in shares of Starbucks in the fourth quarter worth about $296,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.7 %

Starbucks stock opened at $111.45 on Tuesday. The firm has a market cap of $126.60 billion, a price-to-earnings ratio of 35.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62. The business’s 50-day moving average price is $97.12 and its 200 day moving average price is $94.84.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the business earned $0.90 EPS. Equities analysts expect that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio is presently 78.71%.

Analysts Set New Price Targets

Several research firms have recently commented on SBUX. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. TD Cowen reissued a “buy” rating and set a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. BMO Capital Markets lifted their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Bank of America decreased their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.33.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now owns 80,124 shares in the company, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

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.