Texas Yale Capital Corp. Acquires 200 Shares of Starbucks Co. (NASDAQ:SBUX)

Texas Yale Capital Corp. increased its holdings in Starbucks Co. (NASDAQ:SBUX) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,628 shares of the coffee company’s stock after acquiring an additional 200 shares during the period. Texas Yale Capital Corp.’s holdings in Starbucks were worth $605,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SBUX. APG Asset Management N.V. purchased a new position in shares of Starbucks in the fourth quarter valued at $54,935,000. Cooper Haims Advisors LLC grew its position in Starbucks by 5.5% during the fourth quarter. Cooper Haims Advisors LLC now owns 3,834 shares of the coffee company’s stock worth $350,000 after buying an additional 200 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Starbucks during the fourth quarter worth about $33,743,000. FIL Ltd grew its position in Starbucks by 19.2% during the fourth quarter. FIL Ltd now owns 1,088,609 shares of the coffee company’s stock worth $99,336,000 after buying an additional 175,294 shares in the last quarter. Finally, Elgethun Capital Management grew its position in Starbucks by 17.7% during the fourth quarter. Elgethun Capital Management now owns 1,311 shares of the coffee company’s stock worth $120,000 after buying an additional 197 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

SBUX stock opened at $88.68 on Thursday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business’s 50 day moving average price is $103.14 and its two-hundred day moving average price is $98.92. The company has a market capitalization of $100.73 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the business posted $0.90 EPS. Sell-side analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.75%. Starbucks’s payout ratio is currently 78.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price objective for the company in a report on Wednesday. Stifel Nicolaus upped their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays upped their price objective on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wedbush upped their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $105.12.

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.