Waterloo Capital L.P. Buys 156 Shares of Starbucks Co. (NASDAQ:SBUX)

Waterloo Capital L.P. lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,982 shares of the coffee company’s stock after purchasing an additional 156 shares during the quarter. Waterloo Capital L.P.’s holdings in Starbucks were worth $272,000 at the end of the most recent reporting period.

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

Starbucks Stock Down 2.6 %

Shares of NASDAQ SBUX opened at $80.00 on Tuesday. The company has a market cap of $90.87 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.59 and a beta of 1.00. The firm’s fifty day moving average is $104.91 and its 200 day moving average is $99.29. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current 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 issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. 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. UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Baird R W cut Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.12.

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.