Ted Buchan & Co Grows Position in Starbucks Co. (NASDAQ:SBUX)

Ted Buchan & Co increased its position in Starbucks Co. (NASDAQ:SBUX) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,946 shares of the coffee company’s stock after purchasing an additional 365 shares during the period. Ted Buchan & Co’s holdings in Starbucks were worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Wedbush Securities Inc. grew its stake in shares of Starbucks by 0.7% in the 4th quarter. Wedbush Securities Inc. now owns 49,106 shares of the coffee company’s stock worth $4,481,000 after buying an additional 331 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Starbucks by 5.9% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,230 shares of the coffee company’s stock worth $1,116,000 after acquiring an additional 678 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Starbucks during the fourth quarter valued at $29,598,000. Pioneer Trust Bank N A OR raised its position in shares of Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company’s stock worth $1,032,000 after purchasing an additional 92 shares during the last quarter. Finally, Leeward Financial Partners LLC grew its position in Starbucks by 4.1% during the 4th quarter. Leeward Financial Partners LLC now owns 10,077 shares of the coffee company’s stock valued at $920,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the topic of several analyst reports. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company upped their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their target price on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, UBS Group raised their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Down 7.0 %

NASDAQ:SBUX opened at $82.10 on Friday. The company has a market capitalization of $93.26 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.59 and a beta of 1.00. The business’s 50-day moving average is $105.32 and its 200 day moving average is $99.36. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business earned $0.90 EPS. On average, research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

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

About Starbucks

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.