Bridgewater Associates LP lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 45.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,057 shares of the coffee company's stock after selling 166,250 shares during the quarter. Bridgewater Associates LP's holdings in Starbucks were worth $18,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Invst LLC boosted its position in shares of Starbucks by 1.9% during the 3rd quarter. Invst LLC now owns 20,767 shares of the coffee company's stock worth $2,025,000 after purchasing an additional 395 shares in the last quarter. Tudor Financial Inc. acquired a new stake in Starbucks in the third quarter valued at approximately $1,352,000. Fulcrum Equity Management raised its position in shares of Starbucks by 38.8% during the third quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company's stock worth $402,000 after purchasing an additional 1,151 shares during the period. Sculati Wealth Management LLC raised its holdings in Starbucks by 15.1% during the third quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company's stock worth $940,000 after buying an additional 1,350 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Starbucks by 1,941.0% during the third quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company's stock valued at $6,950,000 after buying an additional 67,799 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on SBUX shares. Wells Fargo & Company lifted their target price on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Stifel Nicolaus dropped their target price on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday. Citigroup reduced their target price on Starbucks from $100.00 to $88.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Barclays upped their price objective on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.24.
Check Out Our Latest Stock Report on SBUX
Starbucks Trading Up 0.9 %
SBUX stock traded up $0.74 on Friday, hitting $81.50. The company's stock had a trading volume of 9,784,353 shares, compared to its average volume of 11,492,765. The stock has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a 50 day moving average of $99.25 and a two-hundred day moving average of $98.26. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business earned $0.90 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.
Starbucks Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is currently 78.71%.
Starbucks Profile
(
Free Report)
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.
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