SevenBridge Financial Group LLC Raises Holdings in Starbucks Co. (NASDAQ:SBUX)

SevenBridge Financial Group LLC grew its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 142.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,817 shares of the coffee company's stock after acquiring an additional 5,178 shares during the quarter. SevenBridge Financial Group LLC's holdings in Starbucks were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SBUX. Financial Life Planners purchased a new stake in Starbucks in the fourth quarter worth $25,000. Graney & King LLC purchased a new position in Starbucks in the 4th quarter worth about $26,000. Collier Financial purchased a new position in shares of Starbucks during the fourth quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the 4th quarter valued at $27,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the 4th quarter worth $30,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SBUX. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.12.

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Starbucks Price Performance

SBUX traded down $6.16 on Friday, reaching $82.10. 19,694,666 shares of the stock were exchanged, compared to its average volume of 11,211,888. The company's 50-day moving average price is $105.32 and its 200 day moving average price is $99.36. The firm has a market capitalization of $93.26 billion, a PE ratio of 26.48, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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. As a group, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.97%. Starbucks's payout ratio is currently 78.71%.

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.