Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Jump Financial LLC

Jump Financial LLC grew its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 231.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,845 shares of the coffee company's stock after acquiring an additional 62,045 shares during the quarter. Jump Financial LLC's holdings in Starbucks were worth $8,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SBUX. Vanguard Group Inc. raised its stake in shares of Starbucks by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after purchasing an additional 784,432 shares during the last quarter. FMR LLC lifted its stake in shares of Starbucks by 27.0% in the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after acquiring an additional 5,348,790 shares during the period. Geode Capital Management LLC lifted its stake in shares of Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after acquiring an additional 548,245 shares during the period. Wellington Management Group LLP increased its stake in shares of Starbucks by 4.7% during the fourth quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after acquiring an additional 718,880 shares during the period. Finally, Norges Bank purchased a new position in Starbucks during the fourth quarter worth about $1,244,812,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on SBUX shares. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a report on Wednesday, April 9th. BMO Capital Markets upped their price target 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. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Citigroup decreased their price target on Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $104.24.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded up $0.74 during trading on Friday, reaching $81.50. 9,784,353 shares of the stock were exchanged, compared to its average volume of 11,492,765. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The firm's 50-day moving average price is $99.25 and its 200 day moving average price is $98.26. The firm has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.90 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The business 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 dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is presently 78.71%.

Starbucks 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.