Aptus Capital Advisors LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 39.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,356 shares of the coffee company's stock after purchasing an additional 5,171 shares during the quarter. Aptus Capital Advisors LLC's holdings in Starbucks were worth $1,675,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Starbucks in the 4th quarter worth $25,000. Graney & King LLC purchased a new position in Starbucks during the fourth quarter worth about $26,000. Collier Financial acquired a new stake in Starbucks in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks in the 4th quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the 4th quarter worth approximately $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.
Starbucks Stock Performance
Shares of SBUX stock opened at $81.66 on Tuesday. The firm has a market capitalization of $92.80 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company has a 50 day moving average price of $92.60 and a 200 day moving average price of $97.30.
Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.
Starbucks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is currently 88.41%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup cut their price target on shares of Starbucks from $88.00 to $84.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. UBS Group decreased their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Hold" and an average target price of $98.72.
Check Out Our Latest Report on Starbucks
About Starbucks
(
Free Report)
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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