Starbucks Co. (NASDAQ:SBUX) Shares Purchased by City Holding Co.

City Holding Co. increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,517 shares of the coffee company's stock after buying an additional 3,052 shares during the quarter. City Holding Co.'s holdings in Starbucks were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SBUX. Grove Bank & Trust increased its stake in Starbucks by 13.5% during the 4th quarter. Grove Bank & Trust now owns 1,590 shares of the coffee company's stock valued at $145,000 after purchasing an additional 189 shares in the last quarter. Clarius Group LLC lifted its position in Starbucks by 0.4% during the 4th quarter. Clarius Group LLC now owns 66,907 shares of the coffee company's stock worth $6,105,000 after acquiring an additional 235 shares during the period. HF Advisory Group LLC grew its stake in Starbucks by 14.4% during the 4th quarter. HF Advisory Group LLC now owns 16,534 shares of the coffee company's stock valued at $1,509,000 after purchasing an additional 2,076 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Starbucks by 2.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,512 shares of the coffee company's stock valued at $594,000 after purchasing an additional 182 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. purchased a new position in shares of Starbucks in the fourth quarter worth about $322,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares of the company's stock, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Citigroup raised their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. TD Cowen reaffirmed a "buy" rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Morgan Stanley boosted their price objective on Starbucks from $98.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, BTIG Research raised their target price on Starbucks from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Starbucks currently has an average rating of "Moderate Buy" and an average target price of $103.92.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded up $0.70 during trading on Monday, reaching $95.13. The company had a trading volume of 8,361,293 shares, compared to its average volume of 7,954,453. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $103.32. The firm has a market capitalization of $107.86 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.99. The stock's fifty day moving average price is $95.84 and its 200 day moving average price is $91.71.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 3.1 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.56%. Starbucks's dividend payout ratio (DPR) is currently 73.72%.

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.