Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 626.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,032 shares of the coffee company's stock after buying an additional 22,451 shares during the quarter. Hilltop Holdings Inc.'s holdings in Starbucks were worth $2,538,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBUX. Dakota Wealth Management increased its stake in Starbucks by 0.5% during the third quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company's stock worth $5,439,000 after purchasing an additional 300 shares during the period. Weil Company Inc. increased its stake in Starbucks by 31.2% during the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company's stock worth $3,371,000 after buying an additional 8,222 shares during the period. Maia Wealth LLC raised its stake in shares of Starbucks by 69.1% in the third quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company's stock valued at $1,805,000 after acquiring an additional 7,596 shares in the last quarter. Aljian Capital Management LLC boosted its holdings in Starbucks by 48.5% in the third quarter. Aljian Capital Management LLC now owns 30,422 shares of the coffee company's stock valued at $2,966,000 after purchasing an additional 9,936 shares during the period. Finally, Swiss National Bank increased its holdings in Starbucks by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,362,100 shares of the coffee company's stock worth $327,771,000 after purchasing an additional 9,900 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of NASDAQ SBUX traded up $0.06 during trading on Tuesday, hitting $101.57. 7,097,804 shares of the company were exchanged, compared to its average volume of 6,867,576. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $103.32. The company has a market cap of $115.16 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.97 and a beta of 0.97. The firm's fifty day moving average price is $97.63 and its 200 day moving average price is $88.10.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 earnings per share. On average, research analysts forecast that Starbucks Co. will post 3.12 earnings per share for the current year.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.61 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Starbucks's previous quarterly dividend of $0.57. Starbucks's payout ratio is currently 73.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Starbucks from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Royal Bank of Canada began coverage on Starbucks in a report on Friday, November 15th. They issued an "outperform" rating and a $115.00 target price on the stock. Redburn Atlantic reaffirmed a "sell" rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised Starbucks from a "hold" rating to a "buy" rating and raised their target price for the stock from $85.00 to $118.00 in a research report on Wednesday, August 14th. Finally, Robert W. Baird raised Starbucks from a "neutral" rating to an "outperform" rating and upped their price target for the company from $81.00 to $110.00 in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.77.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jorgen Vig Knudstorp acquired 380 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the purchase, the director now owns 36,242 shares in the company, valued at $3,316,143. This represents a 1.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company's stock.

About Starbucks

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.