4,102 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,102 shares of the coffee company's stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after purchasing an additional 784,432 shares during the last quarter. Geode Capital Management LLC boosted its position in Starbucks by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock valued at $2,259,516,000 after buying an additional 548,245 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Starbucks by 4.7% in the fourth quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock valued at $1,448,030,000 after acquiring an additional 718,880 shares during the last quarter. Norges Bank acquired a new position in shares of Starbucks in the 4th quarter worth approximately $1,244,812,000. Finally, Fisher Asset Management LLC grew its position in Starbucks by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,916,777 shares of the coffee company's stock worth $1,087,406,000 after acquiring an additional 154,093 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of NASDAQ SBUX traded up $0.83 during mid-day trading on Friday, reaching $85.43. 10,058,643 shares of the company's stock traded hands, compared to its average volume of 11,484,683. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The business has a 50-day simple moving average of $102.16 and a 200 day simple moving average of $98.79. The stock has a market cap of $97.04 billion, a P/E ratio of 27.56, a PEG ratio of 3.59 and a beta of 1.00.

Remove Ads

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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 given 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 2.86%. Starbucks's dividend payout ratio (DPR) is currently 78.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SBUX. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Robert W. Baird reiterated a "neutral" rating and set a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Citigroup cut 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. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.68.

Starbucks Company 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.