4,035 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,035 shares of the coffee company's stock, valued at approximately $368,000.

Several other large investors have also recently modified their holdings of the business. TrinityPoint Wealth LLC lifted its holdings in shares of Starbucks by 2.7% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after purchasing an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR grew its stake in Starbucks by 0.8% in the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after purchasing an additional 92 shares in the last quarter. Wintrust Investments LLC lifted its holdings in shares of Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after buying an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel lifted its holdings in shares of Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after buying an additional 96 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SBUX. Stifel Nicolaus reduced their price target on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Starbucks in a research note on Friday, May 16th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $85.00 price objective (down from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $98.72.

Starbucks Stock Performance

NASDAQ:SBUX traded down $0.96 during mid-day trading on Wednesday, hitting $86.05. 3,368,745 shares of the stock were exchanged, compared to its average volume of 11,085,600. The stock has a market capitalization of $97.79 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm's 50-day simple moving average is $86.24 and its 200 day simple moving average is $95.89. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week 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 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 during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. Starbucks's revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.84%. Starbucks's dividend payout ratio (DPR) is currently 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.