Retirement Planning Group LLC Raises Holdings in Starbucks Co. (NASDAQ:SBUX)

Retirement Planning Group LLC raised its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 282.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,488 shares of the coffee company's stock after purchasing an additional 9,219 shares during the quarter. Retirement Planning Group LLC's holdings in Starbucks were worth $1,225,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Starbucks during the 4th quarter valued at $25,000. Graney & King LLC bought a new stake in Starbucks during the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in Starbucks in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks in the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new position in Starbucks in the 4th quarter worth $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of SBUX stock traded up $2.65 on Friday, hitting $89.64. The company had a trading volume of 8,771,082 shares, compared to its average volume of 11,057,244. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock's 50-day moving average is $84.63 and its two-hundred day moving average is $95.25. The firm has a market cap of $101.87 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share 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 company 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 company posted $0.68 EPS. Starbucks's quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.61 dividend. 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group cut Starbucks from a "buy" rating to a "neutral" rating and lowered their price target for the company from $103.00 to $85.00 in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. TD Cowen reiterated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a report on Thursday, May 29th. TD Securities reiterated a "hold" rating and issued a $90.00 target price on shares of Starbucks in a research note on Thursday, May 29th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $97.92.

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.