Chapman Financial Group LLC Invests $1.15 Million in Starbucks Co. (NASDAQ:SBUX)

Chapman Financial Group LLC acquired 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 SEC. The firm acquired 12,643 shares of the coffee company's stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SBUX. Norges Bank bought a new stake in shares of Starbucks during the 4th quarter valued at about $1,244,812,000. Capital World Investors boosted its stake in Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after acquiring an additional 9,174,682 shares during the period. FMR LLC grew its holdings in shares of Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after purchasing an additional 5,348,790 shares during the last quarter. Capital Research Global Investors raised its position in shares of Starbucks by 167.6% during the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock worth $519,230,000 after purchasing an additional 3,563,942 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $284,283,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Up 3.3 %

SBUX opened at $84.69 on Monday. The firm has a market cap of $96.24 billion, a PE ratio of 27.32, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a fifty day simple moving average of $93.22 and a 200-day simple moving average of $97.40. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

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

Starbucks Dividend Announcement

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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.88%. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays lowered their price objective on Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Citigroup dropped their price objective on shares of Starbucks from $88.00 to $84.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. StockNews.com downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Friday. Guggenheim decreased their target price on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $98.72.

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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