15,221 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Red Spruce Capital LLC

Red Spruce Capital LLC bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,221 shares of the coffee company's stock, valued at approximately $1,493,000.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Starbucks in the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Starbucks in the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $26,000. Collier Financial purchased a new position in shares of Starbucks in the 4th quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SBUX shares. JPMorgan Chase & Co. dropped their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Royal Bank of Canada downgraded shares of Starbucks from an "outperform" rating to a "sector perform" rating in a research report on Thursday. Robert W. Baird reissued 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. Finally, Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $97.92.

Starbucks Trading Down 0.4%

NASDAQ SBUX traded down $0.37 on Friday, hitting $83.68. 7,391,512 shares of the company's stock traded hands, compared to its average volume of 11,120,093. The firm's 50-day moving average price is $85.54 and its two-hundred day moving average price is $95.58. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The firm has a market capitalization of $95.09 billion, a PE ratio of 26.99, a P/E/G ratio of 3.59 and a beta of 0.99.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $8.90 billion. During the same period last year, the company posted $0.68 earnings per share. The business'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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors 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 of this dividend was Friday, May 16th. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

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.