Petros Family Wealth LLC purchased a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,785 shares of the coffee company's stock, valued at approximately $345,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter valued at approximately $25,000. Graney & King LLC purchased a new position in Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks in the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter worth $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on SBUX shares. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Stifel Nicolaus reduced their price target on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating for the company in a research report on Tuesday. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a research report on Wednesday, April 9th. Finally, Robert W. Baird restated a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Starbucks currently has an average rating of "Moderate Buy" and a consensus price target of $104.24.
Check Out Our Latest Report on Starbucks
Starbucks Trading Down 3.5 %
SBUX traded down $2.95 on Wednesday, hitting $80.76. 12,996,671 shares of the stock traded hands, compared to its average volume of 11,470,076. The business has a fifty day moving average price of $101.07 and a two-hundred day moving average price of $98.60. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm has a market capitalization of $91.74 billion, a PE ratio of 26.05, a P/E/G ratio of 3.59 and a beta of 1.00.
Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.
Starbucks Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is presently 78.71%.
Starbucks Profile
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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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