Jefferies Financial Group Inc. Has $3.34 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

Jefferies Financial Group Inc. raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 1,076.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 36,612 shares of the coffee company’s stock after acquiring an additional 33,500 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Starbucks were worth $3,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TrinityPoint Wealth LLC boosted its stake in shares of Starbucks by 2.7% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company’s stock valued at $312,000 after purchasing an additional 89 shares during the last quarter. Pioneer Trust Bank N A OR boosted its stake in shares of Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company’s stock valued at $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC boosted its stake in shares of Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock valued at $128,000 after purchasing an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel boosted its stake in shares of Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after purchasing an additional 96 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its stake in shares of Starbucks by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company’s stock valued at $93,000 after purchasing an additional 97 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX opened at $84.40 on Tuesday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The company has a 50 day simple moving average of $86.48 and a two-hundred day simple moving average of $95.95. The firm has a market cap of $95.91 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results 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). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. During the same period last year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side 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. Investors of record on Friday, May 16th will be given a $0.61 dividend. 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 2.89%. Starbucks’s dividend payout ratio is presently 88.41%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SBUX shares. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Starbucks in a research note on Friday, May 16th. BMO Capital Markets cut their target price on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company cut 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. UBS Group cut their target price on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.72.

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.