Crux Wealth Advisors Purchases Shares of 7,305 Starbucks Co. (NASDAQ:SBUX)

Crux Wealth Advisors acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,305 shares of the coffee company's stock, valued at approximately $667,000.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter worth $25,000. Graney & King LLC bought a new position in Starbucks during the 4th quarter valued at about $26,000. Collier Financial purchased a new stake in shares of Starbucks during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the fourth quarter worth approximately $27,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 1.3 %

SBUX stock traded up $1.05 during mid-day trading on Thursday, reaching $81.81. The company's stock had a trading volume of 5,092,524 shares, compared to its average volume of 11,458,655. The stock has a market cap of $92.92 billion, a PE ratio of 26.42, a P/E/G ratio of 3.59 and a beta of 1.00. The company's 50 day moving average is $100.44 and its two-hundred day moving average is $98.48. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the company posted $0.90 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.98%. Starbucks's dividend payout ratio is currently 78.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SBUX shares. Barclays boosted their target price 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. Stifel Nicolaus cut their price target on Starbucks from $114.00 to $103.00 and set a "buy" rating for the company in a research note on Tuesday. Citigroup lowered their price objective on shares of Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Robert W. Baird reissued a "neutral" rating and set a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, Starbucks presently has an average rating of "Moderate Buy" and a consensus target price of $104.24.

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.