Wealth Dimensions Group Ltd. Purchases 276 Shares of Starbucks Co. (NASDAQ:SBUX)

Wealth Dimensions Group Ltd. boosted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,741 shares of the coffee company’s stock after purchasing an additional 276 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Starbucks were worth $250,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SBUX. Tower Research Capital LLC TRC lifted its stake in shares of Starbucks by 74.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 106,118 shares of the coffee company’s stock worth $9,683,000 after acquiring an additional 45,357 shares during the last quarter. Natixis purchased a new stake in Starbucks in the fourth quarter worth $8,262,000. MetLife Investment Management LLC increased its stake in Starbucks by 1.2% in the fourth quarter. MetLife Investment Management LLC now owns 338,777 shares of the coffee company’s stock worth $30,913,000 after purchasing an additional 4,070 shares during the period. Norinchukin Bank The boosted its stake in shares of Starbucks by 7.7% during the fourth quarter. Norinchukin Bank The now owns 60,041 shares of the coffee company’s stock valued at $5,479,000 after purchasing an additional 4,276 shares during the period. Finally, Ossiam grew its holdings in shares of Starbucks by 1,891.6% in the fourth quarter. Ossiam now owns 534,912 shares of the coffee company’s stock worth $48,811,000 after purchasing an additional 508,054 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $81.50 on Monday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company has a market cap of $92.58 billion, a PE ratio of 26.29, a P/E/G ratio of 3.59 and a beta of 1.00. The business has a 50-day simple moving average of $99.25 and a two-hundred day simple moving average of $98.29.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 quarter in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared 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 of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.99%. Starbucks’s dividend payout ratio is currently 78.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SBUX shares. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Baird R W downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Robert W. Baird reiterated a “neutral” rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Finally, BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and a consensus price target of $104.79.

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.