4,162 Shares in Starbucks Co. (NASDAQ:SBUX) Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,162 shares of the coffee company's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. St. Clair Advisors LLC purchased a new position in shares of Starbucks during the 4th quarter worth $1,417,000. Twinbeech Capital LP purchased a new position in shares of Starbucks during the 4th quarter worth $368,000. Tolleson Wealth Management Inc. raised its holdings in shares of Starbucks by 63.7% during the 4th quarter. Tolleson Wealth Management Inc. now owns 5,290 shares of the coffee company's stock worth $483,000 after acquiring an additional 2,059 shares during the period. TrinityPoint Wealth LLC raised its holdings in shares of Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after acquiring an additional 89 shares during the period. Finally, Strategic Wealth Partners Ltd. raised its holdings in shares of Starbucks by 30.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 116,797 shares of the coffee company's stock worth $10,658,000 after acquiring an additional 27,428 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Securities reduced their price target on Starbucks from $102.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. Barclays cut their price objective on Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. Finally, Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Three research 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.com, the company has an average rating of "Hold" and a consensus price target of $98.72.

Starbucks Price Performance

Shares of Starbucks stock traded up $2.00 on Tuesday, reaching $86.40. 4,133,343 shares of the company were exchanged, compared to its average volume of 11,090,549. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market cap of $98.19 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The stock's 50 day moving average price is $86.48 and its 200-day moving average price is $95.95.

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 analysts' consensus estimates 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 in the prior year, the firm posted $0.68 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is 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.