Breed s Hill Capital LLC Invests $220,000 in Starbucks Co. (NASDAQ:SBUX)

Breed s Hill Capital LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,292 shares of the coffee company’s stock, valued at approximately $220,000.

Other institutional investors have also bought and sold shares of the company. Flossbach Von Storch AG increased its holdings in shares of Starbucks by 8,677.8% during the 4th quarter. Flossbach Von Storch AG now owns 2,715,405 shares of the coffee company’s stock worth $260,706,000 after buying an additional 2,684,470 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Starbucks by 432.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 2,039,633 shares of the coffee company’s stock worth $195,825,000 after purchasing an additional 1,656,591 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Starbucks in the third quarter valued at about $147,125,000. Nordea Investment Management AB boosted its stake in Starbucks by 44.8% during the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company’s stock worth $493,350,000 after buying an additional 1,591,206 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock valued at $148,567,000 after acquiring an additional 1,281,471 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SBUX. Citigroup dropped their target price on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company reduced their price objective on Starbucks from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. UBS Group lowered their price objective on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wedbush decreased their target price on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, April 26th. Finally, Jefferies Financial Group dropped their price target on Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Seventeen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and an average target price of $96.43.

Insider Transactions at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,250 shares of company stock worth $651,738 over the last quarter. 1.98% of the stock is currently owned by insiders.

Starbucks Stock Up 3.0 %

Shares of Starbucks stock traded up $2.18 during trading on Thursday, hitting $75.68. 18,574,353 shares of the company were exchanged, compared to its average volume of 9,977,913. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $108.11. The firm has a 50 day moving average price of $87.64 and a 200 day moving average price of $93.39. The stock has a market capitalization of $85.72 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. Starbucks’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Analysts predict that Starbucks Co. will post 3.63 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 62.81%.

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.