Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,632 shares of the coffee company's stock after acquiring an additional 11,461 shares during the period. Quantinno Capital Management LP's holdings in Starbucks were worth $10,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Graney & King LLC acquired a new position in Starbucks in the 4th quarter valued at $26,000. Collier Financial acquired a new position in Starbucks in the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks during the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SBUX shares. BMO Capital Markets reduced their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research note on Tuesday, March 18th. Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Guggenheim dropped their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $98.72.

Starbucks Stock Down 1.9%

Shares of Starbucks stock traded down $1.69 during trading hours on Friday, hitting $85.57. 13,093,429 shares of the company's stock traded hands, compared to its average volume of 11,210,158. 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 $97.24 billion, a PE ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99. The stock has a 50 day simple moving average of $88.15 and a 200-day simple moving average of $96.50.

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

Starbucks Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. Starbucks's dividend payout ratio (DPR) is 88.41%.

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.