Northstar Financial Companies Inc. Makes New $351,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Northstar Financial Companies Inc. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,852 shares of the coffee company's stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. purchased a new stake in Starbucks during the fourth quarter valued at about $25,000. Financial Life Planners acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC acquired a new stake in Starbucks in the 4th quarter valued at approximately $26,000. Collier Financial bought a new position in Starbucks during the 4th quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks during the 4th quarter worth $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Guggenheim lowered their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group lowered Starbucks from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $103.00 to $85.00 in a research note on Wednesday, April 30th. Wall Street Zen downgraded Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Barclays cut their target price on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.92.

Starbucks Stock Performance

Shares of Starbucks stock 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 11,120,093. The business has a 50 day moving average price of $85.54 and a two-hundred day moving average price of $95.55. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The company has a market cap of $95.09 billion, a PE ratio of 26.99, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued 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 negative return on equity of 44.97% and a net margin of 9.73%. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period last year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.92%. Starbucks's payout ratio is currently 88.41%.

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.