Woodson Capital Management LP Sells 5,580 Shares of Starbucks Co. (NASDAQ:SBUX)

Woodson Capital Management LP lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the coffee company's stock after selling 5,580 shares during the quarter. Starbucks accounts for about 1.3% of Woodson Capital Management LP's holdings, making the stock its 22nd largest position. Woodson Capital Management LP's holdings in Starbucks were worth $8,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 1.1%

Shares of Starbucks stock opened at $84.61 on Tuesday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The business has a fifty day simple moving average of $87.87 and a 200 day simple moving average of $96.39. The stock has a market cap 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 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 last year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. Starbucks's payout ratio is 88.41%.

Analyst Ratings Changes

SBUX has been the subject of several analyst reports. StockNews.com upgraded Starbucks from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price objective on shares of Starbucks in a research report on Friday. Robert W. Baird reiterated a "neutral" rating and issued a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Wedbush lifted their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets cut their price objective on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.72.

About Starbucks

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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