Lakeshore Capital Group Inc. acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,152 shares of the coffee company's stock, valued at approximately $561,000.
Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Financial Life Planners acquired a new stake in Starbucks during the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC bought a new stake in Starbucks in the fourth quarter valued at about $26,000. Collier Financial acquired a new position in Starbucks in the fourth quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Starbucks during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 72.29% of the company's stock.
Starbucks Stock Down 0.4%
NASDAQ SBUX traded down $0.37 during trading hours on Friday, hitting $83.68. The company's stock had a trading volume of 7,391,512 shares, compared to its average volume of 11,126,292. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $95.09 billion, a P/E ratio of 26.99, a PEG ratio of 3.59 and a beta of 0.99. The stock has a fifty day moving average of $85.54 and a 200 day moving average of $95.60.
Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 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 business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business's revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.
Starbucks Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, May 16th. Starbucks's dividend payout ratio (DPR) is currently 88.41%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. TD Cowen reiterated a "hold" rating and set a $90.00 price objective on shares of Starbucks in a research note on Thursday. 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, April 28th. BMO Capital Markets lowered their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $97.92.
Check Out Our Latest Analysis 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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