Vanguard Capital Wealth Advisors Purchases Shares of 3,129 Starbucks Co. (NASDAQ:SBUX)

Vanguard Capital Wealth Advisors acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,129 shares of the coffee company's stock, valued at approximately $285,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. Graney & King LLC acquired a new stake in shares of Starbucks in the 4th quarter worth about $26,000. Collier Financial bought a new position in Starbucks in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Starbucks stock opened at $84.61 on Tuesday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The business's fifty day moving average is $87.87 and its 200 day moving average is $96.39. The stock has a market capitalization of $96.15 billion, a PE ratio of 27.29, a price-to-earnings-growth 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 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is 88.41%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Securities decreased their target price on Starbucks from $102.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Starbucks in a report on Friday. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Stifel Nicolaus lowered their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Barclays cut their price objective 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. Two research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $98.72.

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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