Woodson Capital Management LP Has $8.21 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Woodson Capital Management LP trimmed its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the coffee company’s stock after selling 5,580 shares during the period. Starbucks comprises about 1.3% of Woodson Capital Management LP’s investment portfolio, making the stock its 22nd largest holding. Woodson Capital Management LP’s holdings in Starbucks were worth $8,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Life Planners bought a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC bought a new stake in shares of Starbucks in the fourth quarter valued at about $26,000. Collier Financial bought a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Starbucks in a report on Friday. UBS Group cut their price target on Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Stifel Nicolaus cut their price target on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Baird R W lowered Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Wells Fargo & Company dropped their target price on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.72.

Starbucks Trading Down 1.1%

Starbucks stock opened at $84.61 on Tuesday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock’s 50 day moving average is $87.87 and its 200-day moving average is $96.39. The company has a market capitalization of $96.15 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. As a group, equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

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 given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio 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.