StoneX Group Inc. Acquires Shares of 36,068 Starbucks Co. (NASDAQ:SBUX)

StoneX Group Inc. bought a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 36,068 shares of the coffee company's stock, valued at approximately $3,291,000.

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

Starbucks Trading Up 1.2 %

SBUX traded up $1.18 on Wednesday, hitting $99.41. 6,033,966 shares of the stock traded hands, compared to its average volume of 11,109,005. The business has a fifty day moving average price of $105.84 and a two-hundred day moving average price of $99.54. 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 $112.92 billion, a PE ratio of 32.07, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 period last year, the business earned $0.90 earnings per share. On average, equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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Starbucks Announces Dividend

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 issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.45%. Starbucks's payout ratio is 78.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Barclays lifted their target price 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. BMO Capital Markets increased 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.

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.