Strategic Wealth Partners Ltd. Grows Stock Position in Starbucks Co. (NASDAQ:SBUX)

Strategic Wealth Partners Ltd. lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 30.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,797 shares of the coffee company's stock after buying an additional 27,428 shares during the period. Strategic Wealth Partners Ltd.'s holdings in Starbucks were worth $10,658,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Starbucks during the fourth quarter worth $25,000. Graney & King LLC acquired a new stake in Starbucks during the 4th quarter worth about $26,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $30,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup dropped their price target on Starbucks from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group downgraded shares of Starbucks from a "buy" rating to a "neutral" rating and dropped their target price for the company from $103.00 to $85.00 in a research report on Wednesday, April 30th. TD Securities reduced their price target on shares of Starbucks from $102.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus decreased their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their price objective 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.72.

Starbucks Stock Performance

Shares of Starbucks stock traded up $0.98 during mid-day trading on Tuesday, hitting $85.59. 9,308,284 shares of the stock were exchanged, compared to its average volume of 11,196,096. The company has a market capitalization of $97.26 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.59 and a beta of 0.99. The company has a 50-day simple moving average of $87.66 and a 200 day simple moving average of $96.31. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

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 analysts' consensus estimates of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is 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.