Bolthouse Investments LLC Makes New $365,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Bolthouse Investments LLC bought a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,000 shares of the coffee company's stock, valued at approximately $365,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC purchased a new stake in Starbucks in the 4th quarter worth approximately $26,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks in the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC purchased a new stake in Starbucks in the 4th quarter worth approximately $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 0.7 %

Starbucks stock traded up $0.57 during trading hours on Thursday, hitting $80.62. 8,999,464 shares of the company traded hands, compared to its average volume of 11,630,050. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm's 50-day simple moving average is $94.45 and its two-hundred day simple moving average is $97.54. The firm has a market cap of $91.57 billion, a P/E ratio of 26.03, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period last year, the firm earned $0.68 earnings per share. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared 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 3.03%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is 78.71%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SBUX shares. UBS Group cut their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday. Guggenheim cut their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday. TD Securities dropped their target price on Starbucks from $102.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday. The Goldman Sachs Group lowered Starbucks from a "buy" rating to a "neutral" rating and lowered their price target for the company from $103.00 to $85.00 in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $98.15.

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.