Two Sigma Securities LLC Trims Stock Position in Starbucks Co. (NASDAQ:SBUX)

Two Sigma Securities LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 79.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,746 shares of the coffee company's stock after selling 14,583 shares during the quarter. Two Sigma Securities LLC's holdings in Starbucks were worth $342,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its stake in shares of Starbucks by 991.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,144,661 shares of the coffee company's stock valued at $104,450,000 after purchasing an additional 1,039,744 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Starbucks by 4.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 48,679 shares of the coffee company's stock worth $4,442,000 after acquiring an additional 1,872 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Starbucks by 25.6% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 121,085 shares of the coffee company's stock valued at $11,001,000 after purchasing an additional 24,718 shares during the last quarter. Burling Wealth Partners LLC purchased a new stake in shares of Starbucks in the 4th quarter worth about $751,000. Finally, RiverPark Advisors LLC raised its position in shares of Starbucks by 59.6% during the 4th quarter. RiverPark Advisors LLC now owns 12,587 shares of the coffee company's stock worth $1,149,000 after purchasing an additional 4,701 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 0.1 %

NASDAQ:SBUX opened at $83.81 on Monday. The firm has a market capitalization of $95.20 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock's 50 day moving average price is $96.22 and its two-hundred day moving average price is $97.83.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) 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 firm posted $0.90 earnings per share. As a group, analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is 78.71%.

Analysts Set New Price Targets

Several brokerages have weighed in on SBUX. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Stifel Nicolaus cut their price target on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Citigroup dropped their price target on shares of Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company cut their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

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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