Two Star Manager LLC Has $4.47 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Two Star Manager LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,978 shares of the coffee company’s stock after selling 47,453 shares during the quarter. Starbucks comprises approximately 2.1% of Two Star Manager LLC’s investment portfolio, making the stock its 16th biggest holding. Two Star Manager LLC’s holdings in Starbucks were worth $4,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Starbucks by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company’s stock worth $10,138,442,000 after acquiring an additional 784,432 shares during the last quarter. Capital World Investors boosted its stake in Starbucks by 20.1% during the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock worth $5,011,796,000 after acquiring an additional 9,174,682 shares during the last quarter. FMR LLC boosted its stake in Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock worth $2,292,989,000 after acquiring an additional 5,348,790 shares during the last quarter. Geode Capital Management LLC boosted its stake in Starbucks by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company’s stock worth $2,259,516,000 after acquiring an additional 548,245 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Starbucks by 4.7% during the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company’s stock worth $1,448,030,000 after acquiring an additional 718,880 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 1.9%

Shares of SBUX opened at $85.57 on Friday. The company’s fifty day simple moving average is $88.15 and its 200 day simple moving average is $96.50. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market cap of $97.24 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released 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 the consensus estimate of $8.90 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Starbucks Co. will post 2.99 earnings per share 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 given 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%.

Analysts Set New Price Targets

Several analysts have commented on SBUX shares. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Starbucks in a report on Friday. UBS Group dropped their target price on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group downgraded shares of Starbucks from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $85.00 in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $98.72.

Starbucks 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.