Family Capital Trust Co Has $4.62 Million Position in Starbucks Co. (NASDAQ:SBUX)

Family Capital Trust Co lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 50,652 shares of the coffee company’s stock after buying an additional 430 shares during the quarter. Starbucks comprises 1.6% of Family Capital Trust Co’s investment portfolio, making the stock its 20th largest position. Family Capital Trust Co’s holdings in Starbucks were worth $4,622,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SBUX. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. DT Investment Partners LLC increased its stake in Starbucks by 39.4% during 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 in the last quarter. FSA Wealth Management LLC bought a new stake in Starbucks during the 3rd quarter valued at $49,000. Friedenthal Financial bought a new stake in Starbucks during the 3rd quarter valued at $50,000. Finally, Hager Investment Management Services LLC bought a new stake in Starbucks during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total value of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. Citigroup upped their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.33.

Starbucks Stock Up 0.4 %

NASDAQ SBUX opened at $112.20 on Friday. The company has a market cap of $127.45 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $112.62. The firm’s 50-day simple moving average is $97.12 and its two-hundred day simple moving average is $94.57.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the prior year, the firm earned $0.90 EPS. As a group, equities research analysts anticipate that Starbucks Co. will post 3 EPS for the current year.

Starbucks Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s payout ratio is 78.71%.

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.