RAM Investment Partners LLC Has $303,000 Position in Starbucks Co. (NASDAQ:SBUX)

RAM Investment Partners LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 59.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,319 shares of the coffee company’s stock after acquiring an additional 1,234 shares during the quarter. RAM Investment Partners LLC’s holdings in Starbucks were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Angeles Wealth Management LLC increased its holdings in Starbucks by 11.7% in the fourth quarter. Angeles Wealth Management LLC now owns 3,236 shares of the coffee company’s stock worth $295,000 after purchasing an additional 338 shares in the last quarter. Martin Capital Advisors LLP increased its stake in shares of Starbucks by 2.4% in the 4th quarter. Martin Capital Advisors LLP now owns 33,109 shares of the coffee company’s stock valued at $3,021,000 after acquiring an additional 790 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Starbucks during the 4th quarter valued at $354,000. Kestra Private Wealth Services LLC boosted its stake in Starbucks by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 85,589 shares of the coffee company’s stock worth $7,810,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Stockman Wealth Management Inc. grew its holdings in Starbucks by 1.0% in the fourth quarter. Stockman Wealth Management Inc. now owns 113,059 shares of the coffee company’s stock worth $10,317,000 after purchasing an additional 1,169 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.4 %

Shares of NASDAQ SBUX opened at $112.20 on Monday. The firm has a market cap of $127.45 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock has a fifty day simple moving average of $97.12 and a two-hundred day simple moving average of $94.70. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $112.62.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the company posted $0.90 earnings per share. Analysts forecast that Starbucks Co. will post 3 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Insider Activity at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 1,491 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the completion of the transaction, the chief financial officer now owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. Morgan Stanley increased their price target on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America decreased their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. UBS Group increased their target price 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 boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks 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.