UBP Investment Advisors SA Takes Position in Starbucks Co. (SBUX)

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UBP Investment Advisors SA purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the first quarter, HoldingsChannel.com reports. The fund purchased 3,000 shares of the coffee company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI lifted its position in shares of Starbucks by 0.6% during the first quarter. Arcadia Investment Management Corp MI now owns 151,528 shares of the coffee company’s stock valued at $11,265,000 after purchasing an additional 870 shares in the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of Starbucks by 12.5% in the first quarter. Klingenstein Fields & Co. LLC now owns 149,074 shares of the coffee company’s stock worth $11,083,000 after purchasing an additional 16,531 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Starbucks by 127.0% in the first quarter. SG Americas Securities LLC now owns 182,970 shares of the coffee company’s stock worth $13,602,000 after purchasing an additional 861,478 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of Starbucks by 3.1% in the first quarter. Naples Global Advisors LLC now owns 30,507 shares of the coffee company’s stock worth $2,268,000 after purchasing an additional 904 shares in the last quarter. Finally, CNB Bank increased its stake in shares of Starbucks by 14.6% in the first quarter. CNB Bank now owns 11,208 shares of the coffee company’s stock worth $833,000 after purchasing an additional 1,431 shares in the last quarter. 74.73% of the stock is currently owned by institutional investors.

In other Starbucks news, insider John Culver sold 63,937 shares of Starbucks stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $78.04, for a total transaction of $4,989,643.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.98% of the company’s stock.

Several research firms have recently weighed in on SBUX. Zacks Investment Research upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, May 15th. Wedbush reiterated a “hold” rating and issued a $70.00 target price on shares of Starbucks in a research note on Thursday, April 18th. Oppenheimer lifted their target price on shares of Starbucks from $72.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. BidaskClub upgraded shares of Starbucks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 target price (up previously from $70.00) on shares of Starbucks in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.88.

NASDAQ:SBUX traded up $0.65 during mid-day trading on Tuesday, hitting $77.31. 117,607 shares of the stock traded hands, compared to its average volume of 9,711,771. The stock has a market cap of $93.89 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.21 and a beta of 0.51. Starbucks Co. has a 12-month low of $47.37 and a 12-month high of $79.65. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Starbucks had a net margin of 11.87% and a negative return on equity of 494.61%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Starbucks’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Starbucks Co. will post 2.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.44 annualized dividend and a yield of 1.86%. Starbucks’s payout ratio is presently 59.50%.

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About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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