V Wealth Management LLC lifted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,542 shares of the coffee company’s stock after buying an additional 914 shares during the period. V Wealth Management LLC’s holdings in Starbucks were worth $680,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Ken Stern & Associates Inc. raised its holdings in Starbucks by 0.4% during the second quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock worth $330,000 after purchasing an additional 23 shares in the last quarter. Spectrum Management Group Inc. raised its holdings in Starbucks by 0.3% during the second quarter. Spectrum Management Group Inc. now owns 10,630 shares of the coffee company’s stock worth $620,000 after purchasing an additional 30 shares in the last quarter. Risk Paradigm Group LLC raised its holdings in Starbucks by 0.7% during the second quarter. Risk Paradigm Group LLC now owns 7,470 shares of the coffee company’s stock worth $436,000 after purchasing an additional 50 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Starbucks by 0.8% during the second quarter. GHP Investment Advisors Inc. now owns 7,657 shares of the coffee company’s stock worth $446,000 after purchasing an additional 64 shares in the last quarter. Finally, South Texas Money Management Ltd. raised its holdings in Starbucks by 0.3% during the second quarter. South Texas Money Management Ltd. now owns 23,826 shares of the coffee company’s stock worth $1,389,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.
A number of research analysts have issued reports on SBUX shares. OTR Global raised shares of Starbucks to a “positive” rating in a report on Thursday, October 26th. Mizuho set a $75.00 target price on shares of Starbucks and gave the company a “buy” rating in a report on Wednesday, November 1st. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 target price for the company. in a report on Thursday, November 2nd. Credit Suisse Group dropped their target price on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, Nomura dropped their target price on shares of Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the stock. Starbucks presently has a consensus rating of “Buy” and a consensus price target of $64.63.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at $56.10 on Thursday. Starbucks Co. has a 1 year low of $52.58 and a 1 year high of $64.87. The stock has a market cap of $78,671.43, a P/E ratio of 25.44, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the business earned $0.52 earnings per share. Starbucks’s revenue was up 5.9% compared to the same quarter last year. analysts forecast that Starbucks Co. will post 2.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. Starbucks’s dividend payout ratio (DPR) is currently 39.60%.
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Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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