Seneschal Advisors LLC Makes New $711,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Seneschal Advisors LLC acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,789 shares of the coffee company's stock, valued at approximately $711,000. Starbucks makes up about 0.6% of Seneschal Advisors LLC's investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of SBUX. Financial Life Planners purchased a new stake in shares of Starbucks during the fourth quarter worth $25,000. Graney & King LLC acquired a new position in Starbucks during the fourth quarter worth about $26,000. Collier Financial purchased a new stake in Starbucks during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks during the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price target on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Citigroup reduced their price target on Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a report on Friday. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a report on Wednesday, April 9th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price target 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.24.

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Starbucks Price Performance

Shares of NASDAQ SBUX traded down $1.78 during mid-day trading on Tuesday, hitting $83.71. The company had a trading volume of 7,077,709 shares, compared to its average volume of 11,456,848. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market capitalization of $95.09 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business's 50-day simple moving average is $101.63 and its 200 day simple moving average is $98.70.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 period last year, the business posted $0.90 EPS. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is currently 78.71%.

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.