Collar Capital Management LLC Invests $1.68 Million in Starbucks Co. (NASDAQ:SBUX)

Collar Capital Management LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,373 shares of the coffee company's stock, valued at approximately $1,677,000. Starbucks comprises about 1.4% of Collar Capital Management LLC's portfolio, making the stock its 28th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC boosted its stake in Starbucks by 59.5% during the fourth quarter. CWA Asset Management Group LLC now owns 7,929 shares of the coffee company's stock worth $724,000 after buying an additional 2,959 shares during the period. Diversified Trust Co boosted its position in shares of Starbucks by 3.8% during the 4th quarter. Diversified Trust Co now owns 10,544 shares of the coffee company's stock worth $962,000 after purchasing an additional 383 shares during the period. Range Financial Group LLC raised its position in Starbucks by 37.6% in the fourth quarter. Range Financial Group LLC now owns 6,143 shares of the coffee company's stock valued at $561,000 after purchasing an additional 1,680 shares during the period. InvesTrust acquired a new position in Starbucks during the fourth quarter worth $5,907,000. Finally, ORG Partners LLC boosted its position in shares of Starbucks by 12.2% during the fourth quarter. ORG Partners LLC now owns 1,864 shares of the coffee company's stock worth $170,000 after buying an additional 202 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Up 1.4 %

Shares of SBUX stock opened at $82.78 on Wednesday. The stock's 50-day moving average price is $91.96 and its 200 day moving average price is $97.20. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market capitalization of $94.07 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 2.95%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is currently 88.41%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SBUX shares. Stifel Nicolaus decreased their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. StockNews.com lowered shares of Starbucks from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group cut shares of Starbucks from a "buy" rating to a "neutral" rating and reduced their target price for the company from $103.00 to $85.00 in a report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three equities 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, Starbucks has an average rating of "Hold" and a consensus price target 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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