O Shaughnessy Asset Management LLC Has $9.95 Million Stake in Starbucks Co. (NASDAQ:SBUX)

O Shaughnessy Asset Management LLC increased its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,991 shares of the coffee company's stock after acquiring an additional 10,342 shares during the period. O Shaughnessy Asset Management LLC's holdings in Starbucks were worth $9,945,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SBUX. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter worth $25,000. Graney & King LLC purchased a new position in shares of Starbucks in the fourth quarter valued at about $26,000. Collier Financial bought a new position in shares of Starbucks during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth about $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks in the fourth quarter worth about $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

NASDAQ:SBUX traded up $1.18 during mid-day trading on Wednesday, reaching $99.41. The stock had a trading volume of 6,033,966 shares, compared to its average volume of 11,109,005. The business has a 50 day simple moving average of $105.84 and a 200 day simple moving average of $99.54. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $112.92 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 3.59 and a beta of 0.99.

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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 for the quarter, beating the consensus estimate 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 prior year, the business posted $0.90 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.45%. Starbucks's dividend payout ratio is currently 78.71%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, Stifel Nicolaus increased their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.12.

About Starbucks

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.