Aviso Wealth Management Has $1.22 Million Holdings in Starbucks Co. (NASDAQ:SBUX)

Aviso Wealth Management lessened its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 39.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,509 shares of the coffee company's stock after selling 7,987 shares during the period. Aviso Wealth Management's holdings in Starbucks were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SBUX. Strategic Investment Solutions Inc. IL purchased a new position in Starbucks during the 2nd quarter valued at about $25,000. New Millennium Group LLC purchased a new position in Starbucks during the 2nd quarter valued at about $26,000. Stephens Consulting LLC boosted its holdings in shares of Starbucks by 498.2% in the 2nd quarter. Stephens Consulting LLC now owns 335 shares of the coffee company's stock valued at $26,000 after buying an additional 279 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in Starbucks in the 2nd quarter worth approximately $27,000. Finally, Olistico Wealth LLC purchased a new position in shares of Starbucks during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a "hold" rating to a "buy" rating and upped their target price for the company from $85.00 to $118.00 in a research report on Wednesday, August 14th. Barclays decreased their target price on shares of Starbucks from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Sanford C. Bernstein raised shares of Starbucks from a "market perform" rating to an "outperform" rating and upped their target price for the company from $92.00 to $115.00 in a research report on Thursday, September 26th. Jefferies Financial Group cut shares of Starbucks from a "hold" rating to an "underperform" rating and decreased their target price for the company from $80.00 to $76.00 in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada began coverage on shares of Starbucks in a research report on Friday. They issued an "outperform" rating and a $115.00 target price on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.81.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp bought 380 shares of the company's stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the transaction, the director now directly owns 36,242 shares in the company, valued at $3,316,143. The trade was a 1.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.98% of the stock is currently owned by corporate insiders.

Starbucks Stock Up 1.9 %

NASDAQ SBUX traded up $1.87 during trading hours on Monday, hitting $100.29. The company had a trading volume of 3,943,042 shares, compared to its average volume of 11,115,667. The firm has a market cap of $113.65 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $105.47. The business has a fifty day simple moving average of $96.75 and a 200-day simple moving average of $86.26.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. Equities analysts forecast that Starbucks Co. will post 3.15 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, November 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Starbucks's previous quarterly dividend of $0.57. Starbucks's payout ratio is presently 68.88%.

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.