Hall Capital Management Co. Inc. Invests $380,000 in Starbucks Co. (NASDAQ:SBUX)

Hall Capital Management Co. Inc. acquired a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,166 shares of the coffee company's stock, valued at approximately $380,000.

A number of other large investors have also recently made changes to their positions in SBUX. Strategic Financial Concepts LLC acquired a new stake in Starbucks during the 4th quarter worth about $62,000. Arizona State Retirement System raised its position in shares of Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after purchasing an additional 2,722 shares during the last quarter. West Michigan Advisors LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $265,000. Wernau Asset Management Inc. acquired a new position in shares of Starbucks during the 4th quarter worth about $258,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in shares of Starbucks during the 4th quarter worth about $285,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SBUX shares. TD Securities reaffirmed a "hold" rating and set a $90.00 price objective on shares of Starbucks in a research note on Thursday. Wall Street Zen cut shares of Starbucks from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Baird R W cut shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Citigroup reduced their target price on shares of Starbucks from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $97.92.

Starbucks Stock Down 2.3%

SBUX stock traded down $1.95 during midday trading on Thursday, hitting $84.05. The company's stock had a trading volume of 10,304,553 shares, compared to its average volume of 11,083,789. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm has a market capitalization of $95.51 billion, a P/E ratio of 27.11, a PEG ratio of 3.59 and a beta of 0.99. The firm has a 50-day simple moving average of $86.02 and a 200-day simple moving average of $95.82.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $8.90 billion. During the same period in the prior year, the business earned $0.68 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.90%. Starbucks's dividend payout ratio is presently 88.41%.

About Starbucks

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.