Glass Jacobson Investment Advisors llc Has $142,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Glass Jacobson Investment Advisors llc grew its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,555 shares of the coffee company’s stock after acquiring an additional 208 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Starbucks were worth $142,000 at the end of the most recent quarter.

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

Starbucks Trading Up 1.0 %

Shares of Starbucks stock opened at $85.43 on Friday. The business’s fifty day simple moving average is $102.16 and its 200 day simple moving average is $98.78. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The firm has a market capitalization of $97.04 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 previous year, the business posted $0.90 EPS. Analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced 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. This represents a $2.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s payout ratio is 78.71%.

Wall Street Analyst Weigh In

SBUX has been the topic of several research analyst reports. Wells Fargo & Company increased their target price 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. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Barclays boosted their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.68.

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.