Focus Partners Wealth Buys 100,373 Shares of Starbucks Co. (NASDAQ:SBUX)

Focus Partners Wealth lifted its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 957,351 shares of the coffee company's stock after acquiring an additional 100,373 shares during the quarter. Focus Partners Wealth owned approximately 0.08% of Starbucks worth $88,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter worth $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the fourth quarter worth $26,000. Collier Financial acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $30,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group decreased their price objective on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group cut Starbucks from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $103.00 to $85.00 in a research note 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 note on Wednesday, April 9th. Guggenheim decreased their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and a consensus price target of $98.72.

Starbucks Price Performance

Shares of NASDAQ SBUX traded up $5.37 during mid-day trading on Monday, hitting $85.67. 17,238,954 shares of the stock traded hands, compared to its average volume of 11,184,635. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $97.36 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm has a 50 day simple moving average of $89.48 and a two-hundred day simple moving average of $96.80.

Starbucks (NASDAQ:SBUX - Get Free Report) last released 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). The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend 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.