Tower Research Capital LLC TRC Acquires 45,357 Shares of Starbucks Co. (NASDAQ:SBUX)

Tower Research Capital LLC TRC increased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,118 shares of the coffee company's stock after acquiring an additional 45,357 shares during the quarter. Tower Research Capital LLC TRC's holdings in Starbucks were worth $9,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Starbucks Price Performance

NASDAQ SBUX opened at $81.50 on Friday. The stock has a market capitalization of $92.58 billion, a PE ratio of 26.29, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The business has a 50 day simple moving average of $99.25 and a two-hundred day simple moving average of $98.27.

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

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.99%. Starbucks's dividend payout ratio is presently 78.71%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SBUX shares. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" 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 on the stock in a report on Wednesday, April 9th. Finally, Robert W. Baird reissued a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.79.

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.

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