Ted Buchan & Co Purchases 365 Shares of Starbucks Co. (NASDAQ:SBUX)

Ted Buchan & Co boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,946 shares of the coffee company’s stock after acquiring an additional 365 shares during the period. Ted Buchan & Co’s holdings in Starbucks were worth $725,000 as of its most recent filing with the SEC.

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

Starbucks Trading Down 7.0 %

SBUX opened at $82.10 on Friday. The company has a market cap of $93.26 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The business’s 50-day moving average price is $105.32 and its 200-day moving average price is $99.36.

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, beating 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 in the prior year, the company earned $0.90 earnings per share. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 2.97%. The ex-dividend date is Friday, May 16th. Starbucks’s payout ratio is 78.71%.

Analysts Set New Price Targets

Several analysts recently weighed in on SBUX shares. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. UBS Group lifted 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. BMO Capital Markets lifted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Finally, Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $106.12.

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.