Vigilare Wealth Management grew its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,330 shares of the coffee company’s stock after acquiring an additional 435 shares during the period. Vigilare Wealth Management’s holdings in Starbucks were worth $286,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBUX. Fisher Asset Management LLC lifted its position in shares of Starbucks by 138.7% during the second quarter. Fisher Asset Management LLC now owns 7,786,036 shares of the coffee company’s stock worth $572,974,000 after acquiring an additional 4,524,099 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of Starbucks in the second quarter worth $265,547,000. Nordea Investment Management AB increased its holdings in shares of Starbucks by 88.2% in the second quarter. Nordea Investment Management AB now owns 6,929,926 shares of the coffee company’s stock worth $507,686,000 after purchasing an additional 3,248,488 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Starbucks in the first quarter worth $40,420,000. Finally, Morgan Stanley increased its holdings in shares of Starbucks by 15.1% in the first quarter. Morgan Stanley now owns 16,926,014 shares of the coffee company’s stock worth $1,112,717,000 after purchasing an additional 2,219,969 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Shares of Starbucks stock traded down $0.31 during trading on Friday, reaching $88.52. 4,722,554 shares of the stock were exchanged, compared to its average volume of 10,443,412. The stock’s fifty day moving average is $86.35 and its 200 day moving average is $78.11. The firm has a market cap of $103.48 billion, a price-to-earnings ratio of 79.75, a price-to-earnings-growth ratio of 6.38 and a beta of 0.81. Starbucks Co. has a 1 year low of $50.02 and a 1 year high of $94.13.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, July 28th. The coffee company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.15. The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.14 billion. Starbucks had a net margin of 5.56% and a negative return on equity of 22.26%. Starbucks’s revenue for the quarter was down 38.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. On average, analysts predict that Starbucks Co. will post 0.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.45 per share. This is a positive change from Starbucks’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 10th. Starbucks’s dividend payout ratio is currently 57.95%.

In other Starbucks news, CEO Kevin R. Johnson sold 107,762 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $90.08, for a total value of $9,707,200.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clara Shih sold 37,498 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $79.13, for a total transaction of $2,967,216.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,764 shares of company stock valued at $13,404,656. 0.41% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on SBUX. Oppenheimer upped their price target on shares of Starbucks from $85.00 to $101.00 and gave the stock an “outperform” rating in a report on Monday, October 5th. Barclays upped their price target on shares of Starbucks from $88.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Starbucks from $76.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Bank of America increased their target price on Starbucks from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 28th. Finally, Telsey Advisory Group increased their target price on Starbucks from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, September 30th. Sixteen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $86.73.

About Starbucks

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

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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