Vanguard Capital Wealth Advisors Acquires New Shares in Starbucks Co. (NASDAQ:SBUX)

Vanguard Capital Wealth Advisors purchased a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,129 shares of the coffee company's stock, valued at approximately $285,000.

Several other large investors also recently modified their holdings of SBUX. TrinityPoint Wealth LLC raised 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 during the last quarter. Pioneer Trust Bank N A OR raised its holdings in Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after acquiring an additional 92 shares in the last quarter. Wintrust Investments LLC boosted its position in Starbucks by 7.1% during the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after purchasing an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel grew its stake in Starbucks by 2.3% in the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after purchasing an additional 96 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake 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 worth $261,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX traded up $0.43 during midday trading on Friday, reaching $84.40. The company's stock had a trading volume of 7,086,321 shares, compared to its average volume of 11,116,520. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm has a 50 day moving average price of $86.78 and a two-hundred day moving average price of $96.04. The firm has a market capitalization of $95.91 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period last year, the business earned $0.68 EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is 88.41%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SBUX. Wedbush upped their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Starbucks in a report on Friday, May 16th. UBS Group reduced their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" 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.