Starbucks Co. (NASDAQ:SBUX) Shares Bought by Ossiam

Ossiam grew its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 1,891.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,912 shares of the coffee company's stock after acquiring an additional 508,054 shares during the period. Starbucks comprises about 1.6% of Ossiam's holdings, making the stock its 24th biggest position. Ossiam's holdings in Starbucks were worth $48,811,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

SBUX has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Barclays upped 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. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, January 24th. Finally, 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 research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $104.24.

Starbucks Trading Up 0.9 %

Shares of Starbucks stock opened at $81.50 on Friday. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $92.58 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company's 50-day moving average price is $99.25 and its two-hundred day moving average price is $98.26.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its 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 previous year, the business earned $0.90 earnings per share. On average, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal 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 paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is presently 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.

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