Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 302.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 324,000 shares of the coffee company’s stock after purchasing an additional 243,417 shares during the period. Starbucks accounts for 1.0% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 13th largest position. Lighthouse Investment Partners LLC’s holdings in Starbucks were worth $29,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Investor s Fiduciary Advisor Network LLC bought a new position in Starbucks during the 4th quarter valued at $601,000. Jefferies Financial Group Inc. lifted its position in Starbucks by 1,076.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,612 shares of the coffee company’s stock valued at $3,341,000 after purchasing an additional 33,500 shares during the last quarter. Guardian Wealth Advisors LLC NC lifted its position in Starbucks by 2.3% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,388 shares of the coffee company’s stock valued at $492,000 after purchasing an additional 123 shares during the last quarter. Georgetown University lifted its position in Starbucks by 0.6% in the 4th quarter. Georgetown University now owns 118,156 shares of the coffee company’s stock valued at $10,782,000 after purchasing an additional 703 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in Starbucks by 11.7% in the 4th quarter. Focus Partners Wealth now owns 957,351 shares of the coffee company’s stock valued at $88,202,000 after purchasing an additional 100,373 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of SBUX opened at $80.30 on Monday. The firm has a market cap of $91.25 billion, a P/E ratio of 25.90, a P/E/G ratio of 3.59 and a beta of 0.99. The stock has a 50 day simple moving average of $90.00 and a two-hundred day simple moving average of $96.88. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 3.04%. Starbucks’s payout ratio is presently 88.41%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. TD Securities decreased their target price on shares of Starbucks from $102.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Citigroup decreased their price target on shares of Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Barclays decreased their price target on shares of Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, UBS Group reduced their target price on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.72.

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.