Radnor Capital Management LLC Buys 7,640 Shares of Starbucks Co. (NASDAQ:SBUX)

Radnor Capital Management LLC lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 70.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,545 shares of the coffee company's stock after purchasing an additional 7,640 shares during the period. Radnor Capital Management LLC's holdings in Starbucks were worth $1,819,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SBUX. TrinityPoint Wealth LLC boosted its stake in shares of Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after acquiring an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR raised its holdings in Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after acquiring an additional 92 shares in the last quarter. Wintrust Investments LLC raised its holdings in Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after acquiring an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel raised its holdings in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after acquiring an additional 96 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Starbucks by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after buying an additional 97 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX stock traded up $2.65 during trading on Friday, hitting $89.64. The company had a trading volume of 8,771,082 shares, compared to its average volume of 11,064,466. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The firm has a market capitalization of $101.87 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock's 50-day moving average price is $84.45 and its 200 day moving average price is $95.19.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly 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 company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter last year, the company posted $0.68 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.61 per share. The ex-dividend date was Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.72%. Starbucks's dividend payout ratio (DPR) is currently 88.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SBUX shares. Wall Street Zen cut Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. The Goldman Sachs Group lowered Starbucks from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $103.00 to $85.00 in a research report on Wednesday, April 30th. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research note on Wednesday, April 9th. Cowen downgraded Starbucks from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Starbucks currently has an average rating of "Hold" and an average price target of $97.92.

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.