Twin Capital Management Inc. Has $636,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Twin Capital Management Inc. grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 59.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,974 shares of the coffee company’s stock after acquiring an additional 2,613 shares during the quarter. Twin Capital Management Inc.’s holdings in Starbucks were worth $636,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SBUX. Strategic Financial Concepts LLC bought a new position in Starbucks in the 4th quarter worth approximately $62,000. Arizona State Retirement System raised its stake in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock valued at $29,881,000 after purchasing an additional 2,722 shares during the last quarter. West Michigan Advisors LLC bought a new stake in Starbucks in the 4th quarter valued at $265,000. Wernau Asset Management Inc. acquired a new stake in Starbucks in the 4th quarter worth $258,000. Finally, OFI Invest Asset Management bought a new position in shares of Starbucks during the 4th quarter worth about $9,497,000. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SBUX shares. Barclays lifted their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Baird R W lowered Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $85.00 price target (down previously from $114.00) on shares of Starbucks in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.12.

Starbucks Trading Down 2.6 %

Shares of NASDAQ SBUX opened at $80.00 on Tuesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a 50-day moving average of $104.91 and a two-hundred day moving average of $99.29. The company has a market cap of $90.87 billion, a PE ratio of 25.81, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 in the previous year, the firm posted $0.90 earnings per share. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 3.05%. Starbucks’s payout ratio is 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.