3,223 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,223 shares of the coffee company’s stock, valued at approximately $294,000.

A number of other large investors have also modified their holdings of the business. Financial Life Planners acquired a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter worth $30,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Wells Fargo & Company lifted their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Wedbush increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Stock Performance

NASDAQ SBUX opened at $82.10 on Friday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company’s 50 day moving average price is $105.32 and its 200 day moving average price is $99.36. The firm has a market capitalization of $93.26 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the business posted $0.90 EPS. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.97%. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

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.