Koshinski Asset Management Inc. Grows Stake in Starbucks Co. (SBUX)

Koshinski Asset Management Inc. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 84.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,589 shares of the coffee company’s stock after purchasing an additional 8,990 shares during the period. Koshinski Asset Management Inc.’s holdings in Starbucks were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in Starbucks during the 4th quarter valued at about $28,000. Veritas Investment Management LLP purchased a new stake in Starbucks during the 4th quarter valued at about $28,000. Clean Yield Group purchased a new stake in Starbucks during the 4th quarter valued at about $33,000. Doyle Wealth Management purchased a new stake in Starbucks during the 4th quarter valued at about $42,000. Finally, Country Trust Bank grew its stake in Starbucks by 106.2% during the 4th quarter. Country Trust Bank now owns 732 shares of the coffee company’s stock valued at $47,000 after acquiring an additional 377 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

NASDAQ:SBUX opened at $70.74 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.16 and a debt-to-equity ratio of 7.73. The stock has a market capitalization of $87.11 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.01 and a beta of 0.50. Starbucks Co. has a 1-year low of $47.37 and a 1-year high of $72.18.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts expect that Starbucks Co. will post 2.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Thursday, February 7th were issued a $0.36 dividend. The ex-dividend date was Wednesday, February 6th. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. Starbucks’s dividend payout ratio is currently 59.50%.

In other news, EVP Vivek C. Varma sold 73,242 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $68.36, for a total value of $5,006,823.12. Following the transaction, the executive vice president now directly owns 140,882 shares in the company, valued at approximately $9,630,693.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clifford Burrows sold 152,634 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the completion of the transaction, the insider now owns 311,083 shares in the company, valued at $20,910,999.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 565,806 shares of company stock worth $38,789,988. Company insiders own 3.98% of the company’s stock.

SBUX has been the subject of several research reports. Goldman Sachs Group cut shares of Starbucks from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $68.00 in a research note on Friday, January 11th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective (up previously from $70.00) on shares of Starbucks in a research note on Friday, January 25th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $70.00 price objective (up previously from $66.00) on shares of Starbucks in a research note on Monday, December 3rd. Bank of America set a $75.00 price objective on shares of Starbucks and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, CIBC upped their price objective on shares of Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, January 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company. Starbucks presently has a consensus rating of “Hold” and a consensus target price of $67.01.

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About Starbucks

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 beverages, iced tea, and food and snacks; 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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