Starbucks Co. (NASDAQ:SBUX) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,403 shares of the coffee company's stock after purchasing an additional 7,636 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Starbucks were worth $4,816,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group downgraded shares of Starbucks from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $80.00 to $76.00 in a research note on Tuesday, September 24th. Barclays decreased their price objective on Starbucks from $110.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. BTIG Research lifted their target price on Starbucks from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Stifel Nicolaus upped their price target on Starbucks from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.81.

Starbucks Stock Performance

NASDAQ SBUX traded down $0.20 during trading on Friday, reaching $98.42. 8,119,864 shares of the company's stock were exchanged, compared to its average volume of 11,147,972. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $107.66. The stock has a market cap of $111.53 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. The company has a 50 day moving average price of $96.75 and a two-hundred day moving average price of $86.19.

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, meeting analysts' consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm 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 posted $1.06 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts forecast that Starbucks Co. will post 3.15 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Starbucks's previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a yield of 2.48%. Starbucks's payout ratio is 73.72%.

Insider Buying and Selling at Starbucks

In other news, Director Jorgen Vig Knudstorp acquired 380 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $91.50 per share, with a total value of $34,770.00. Following the completion of the acquisition, the director now owns 36,242 shares of the company's stock, valued at $3,316,143. The trade was a 1.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.98% of the stock is currently owned by insiders.

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.