Crux Wealth Advisors Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Crux Wealth Advisors purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,305 shares of the coffee company’s stock, valued at approximately $667,000.

Other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new position in Starbucks in the 4th quarter worth $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the fourth quarter worth about $26,000. Collier Financial bought a new position in shares of Starbucks during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks in the 4th quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the 4th quarter worth approximately $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Starbucks stock opened at $85.43 on Friday. The firm has a 50 day moving average price of $102.16 and a two-hundred day moving average price of $98.78. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm has a market cap of $97.04 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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 period last year, the company posted $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.86%. Starbucks’s payout ratio is 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Baird R W cut Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.68.

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.