16,684 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by F M Investments LLC

F M Investments LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 16,684 shares of the coffee company's stock, valued at approximately $1,522,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SBUX. Texas Yale Capital Corp. boosted its holdings in Starbucks by 3.1% in the fourth quarter. Texas Yale Capital Corp. now owns 6,628 shares of the coffee company's stock worth $605,000 after purchasing an additional 200 shares during the last quarter. APG Asset Management N.V. purchased a new position in Starbucks in the fourth quarter worth about $54,935,000. Cooper Haims Advisors LLC increased its position in shares of Starbucks by 5.5% during the 4th quarter. Cooper Haims Advisors LLC now owns 3,834 shares of the coffee company's stock valued at $350,000 after purchasing an additional 200 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Starbucks in the 4th quarter worth approximately $33,743,000. Finally, FIL Ltd grew its position in Starbucks by 19.2% during the fourth quarter. FIL Ltd now owns 1,088,609 shares of the coffee company's stock valued at $99,336,000 after buying an additional 175,294 shares during the period. Institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

Shares of Starbucks stock traded down $2.95 during trading on Wednesday, hitting $80.76. The stock had a trading volume of 12,994,900 shares, compared to its average volume of 11,470,072. The stock has a market cap of $91.74 billion, a PE ratio of 26.05, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The firm's fifty day simple moving average is $101.07 and its 200-day simple moving average is $98.60.

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Starbucks (NASDAQ:SBUX - Get Free Report) last announced 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 quarter last year, the firm earned $0.90 earnings per share. Analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is presently 78.71%.

Analyst Ratings Changes

Several research firms have weighed in on SBUX. Citigroup decreased their price target on shares of Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Robert W. Baird reissued a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Finally, Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research note on Tuesday, March 18th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.