Starbucks Co. (NASDAQ:SBUX) Holdings Raised by Woodline Partners LP

Woodline Partners LP grew its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 593,218 shares of the coffee company's stock after acquiring an additional 91,060 shares during the quarter. Woodline Partners LP owned approximately 0.05% of Starbucks worth $54,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Starbucks in the fourth quarter worth $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the fourth quarter valued at $26,000. Collier Financial acquired a new position in shares of Starbucks during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks during the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Starbucks during the fourth quarter valued at $30,000. 72.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBUX. Stifel Nicolaus reduced their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Barclays reduced their price target on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a report on Wednesday, April 9th. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of "Moderate Buy" and an average target price of $98.72.

Starbucks Stock Down 1.1%

Shares of NASDAQ SBUX opened at $84.61 on Tuesday. 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 $96.15 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a fifty day simple moving average of $87.87 and a 200-day simple moving average of $96.39.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, sell-side analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, May 16th. Starbucks's dividend 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.

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