Financial Management Professionals Inc. Buys 4,096 Shares of Starbucks Co. (NASDAQ:SBUX)

Financial Management Professionals Inc. boosted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 529.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,869 shares of the coffee company's stock after buying an additional 4,096 shares during the quarter. Financial Management Professionals Inc.'s holdings in Starbucks were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Starbucks in the second quarter valued at about $25,000. DT Investment Partners LLC boosted its holdings in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company's stock valued at $42,000 after purchasing an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter worth $49,000. Friedenthal Financial bought a new position in shares of Starbucks during the 3rd quarter worth about $50,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Starbucks during the third quarter valued at about $71,000. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 0.7 %

Shares of SBUX stock traded up $0.70 on Friday, hitting $95.13. The stock had a trading volume of 8,361,293 shares, compared to its average volume of 7,954,453. The firm has a market cap of $107.86 billion, a P/E ratio of 28.74, a PEG ratio of 2.73 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $103.32. The company has a fifty day moving average price of $95.84 and a two-hundred day moving average price of $91.60.

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

Starbucks Announces Dividend

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

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company's stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SBUX shares. Barclays decreased their target price on Starbucks from $110.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Starbucks from $90.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Stifel Nicolaus raised their target price on Starbucks from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. UBS Group increased their price objective on shares of Starbucks from $85.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on shares of Starbucks from $98.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.92.

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.