Oxford Asset Management LLP Invests $583,000 in Starbucks Co. (NASDAQ:SBUX)

Oxford Asset Management LLP acquired a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,390 shares of the coffee company's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBUX. Pioneer Trust Bank N A OR raised its position in Starbucks by 0.8% during the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC raised its position in Starbucks by 7.1% during the 4th 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 raised its position in Starbucks by 2.3% during the 4th 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 during the last quarter. Gamco Investors INC. ET AL raised its position in Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after purchasing an additional 97 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its position in Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 5.7 %

SBUX traded down $4.80 during midday trading on Wednesday, hitting $80.05. 41,181,784 shares of the company traded hands, compared to its average volume of 11,638,788. The firm has a market capitalization of $90.93 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company's 50-day moving average is $95.08 and its 200 day moving average is $97.66. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. Starbucks's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business 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 dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is currently 78.71%.

Analyst Ratings Changes

SBUX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada decreased their price objective on Starbucks from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday. BMO Capital Markets dropped their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.15.

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.