Ghe LLC Has $3.13 Million Stake in Starbucks Corporation $SBUX

Ghe LLC reduced its holdings in Starbucks Corporation (NASDAQ:SBUX) by 19.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 34,205 shares of the coffee company’s stock after selling 8,235 shares during the quarter. Starbucks accounts for approximately 1.4% of Ghe LLC’s portfolio, making the stock its 13th largest position. Ghe LLC’s holdings in Starbucks were worth $3,134,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC bought a new position in shares of Starbucks in the 2nd quarter worth $25,000. Transce3nd LLC lifted its stake in Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after buying an additional 200 shares during the period. Chelsea Counsel Co. bought a new position in Starbucks during the second quarter worth about $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new position in shares of Starbucks during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Jorgen Vig Knudstorp purchased 11,700 shares of Starbucks stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $85.00 per share, with a total value of $994,500.00. Following the transaction, the director directly owned 53,096 shares in the company, valued at $4,513,160. The trade was a 28.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 8th. UBS Group set a $94.00 target price on shares of Starbucks and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Wells Fargo & Company set a $100.00 price target on shares of Starbucks and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Mizuho upgraded Starbucks to a “hold” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.44.

Starbucks Stock Up 0.7%

Shares of NASDAQ:SBUX opened at $85.35 on Monday. The firm has a market cap of $97.05 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 1.74 and a beta of 0.98. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The company’s fifty day simple moving average is $84.00 and its 200 day simple moving average is $87.69.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The company had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the company posted $0.80 earnings per share. Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, February 13th. Starbucks’s dividend payout ratio (DPR) is currently 151.22%.

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.