13,831 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,831 shares of the coffee company’s stock, valued at approximately $1,262,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SBUX shares. Guggenheim decreased their price objective on Starbucks from $95.00 to $83.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Wedbush lifted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group lowered their price target on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. BMO Capital Markets cut their price objective on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Two 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’s stock. According to data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $98.72.

Starbucks Stock Down 0.4%

Shares of NASDAQ SBUX opened at $86.54 on Thursday. The stock’s 50-day simple moving average is $88.71 and its two-hundred day simple moving average is $96.66. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $98.34 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted 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 company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. As a group, research analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 88.41%.

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.