Latest Stocks: Dillon & Associates Inc. Acquires 1,723 Shares of Starbucks Co. (SBUX)

Latest Stocks: Dillon & Associates Inc. Acquires 1,723 Shares of Starbucks Co. (SBUX)

Dillon & Associates Inc. increased its position in Starbucks Co. (NASDAQ:SBUX) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,390 shares of the coffee company’s stock after buying an additional 1,723 shares during the period. Starbucks comprises approximately 2.8% of Dillon & Associates Inc.’s portfolio, making the stock its 12th largest position. Dillon & Associates Inc.’s holdings in Starbucks were worth $6,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Stanford Investment Group Inc. increased its stake in Starbucks by 0.3% in the fourth quarter. Stanford Investment Group Inc. now owns 2,576 shares of the coffee company’s stock worth $143,000 after buying an additional 8 shares in the last quarter. Alpha Windward LLC increased its stake in Starbucks by 1.0% in the first quarter. Alpha Windward LLC now owns 2,961 shares of the coffee company’s stock worth $173,000 after buying an additional 30 shares in the last quarter. Sfmg LLC increased its stake in Starbucks by 0.5% in the third quarter. Sfmg LLC now owns 6,081 shares of the coffee company’s stock worth $329,000 after buying an additional 31 shares in the last quarter. Courier Capital LLC increased its stake in Starbucks by 0.8% in the fourth quarter. Courier Capital LLC now owns 4,683 shares of the coffee company’s stock worth $260,000 after buying an additional 39 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC increased its stake in Starbucks by 0.8% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 5,444 shares of the coffee company’s stock worth $302,000 after buying an additional 43 shares in the last quarter. 68.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Starbucks Co. (SBUX) opened at 64.27 on Tuesday. The firm’s 50-day moving average is $61.09 and its 200 day moving average is $58.05. The stock has a market capitalization of $93.07 billion, a P/E ratio of 31.79 and a beta of 0.79. Starbucks Co. has a 1-year low of $50.84 and a 1-year high of $64.87.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.42 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. On average, analysts expect that Starbucks Co. will post $2.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Thursday, May 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, May 9th. Starbucks’s payout ratio is presently 51.28%. A number of research firms recently commented on SBUX. Stifel Nicolaus set a $66.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a report on Friday, April 28th. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Starbucks in a report on Monday, March 13th. Telsey Advisory Group began coverage on shares of Starbucks in a report on Monday, March 27th. They set an “outperform” rating and a $66.00 price objective on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $65.00 price objective on shares of Starbucks in a report on Thursday, April 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $62.00 price objective on shares of Starbucks in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.71.

In related news, insider Clifford Burrows sold 114,826 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the transaction, the insider now owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the transaction, the director now directly owns 34,000 shares in the company, valued at approximately $2,054,620. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders. Starbucks Company Profile

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX). Receive News & Ratings for Starbucks Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Starbucks Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

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