Starbucks Co. (NASDAQ:SBUX) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 10,368 shares of the coffee company’s stock after selling 1,997 shares during the quarter. Anchor Investment Management LLC’s holdings in Starbucks were worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Financial Life Planners purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC purchased a new position in Starbucks in the fourth quarter worth approximately $26,000. Collier Financial acquired a new stake in Starbucks during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks in the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

NASDAQ:SBUX opened at $83.71 on Wednesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The stock has a market cap of $95.09 billion, a P/E ratio of 27.00, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50-day simple moving average of $101.07 and a 200-day simple moving average of $98.60.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 last year, the company earned $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

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 paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.91%. Starbucks’s dividend payout ratio is presently 78.71%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Starbucks from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Robert W. Baird reissued a “neutral” rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Citigroup lowered their price target on Starbucks from $100.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.24.

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.