Starbucks Co. (NASDAQ:SBUX) Position Raised by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC increased its position in Starbucks Co. (NASDAQ:SBUX) by 103.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,546 shares of the coffee company’s stock after acquiring an additional 5,374 shares during the period. LaSalle St. Investment Advisors LLC’s holdings in Starbucks were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Financial Life Planners bought a new stake in Starbucks during the 4th quarter valued at $25,000. Graney & King LLC acquired a new stake in Starbucks in the fourth quarter worth about $26,000. Collier Financial bought a new position in Starbucks during the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new position in Starbucks during the fourth quarter valued at about $30,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SBUX shares. UBS Group raised their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays increased their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.68.

Starbucks Price Performance

Starbucks stock opened at $85.43 on Monday. The stock has a fifty day moving average price of $102.16 and a two-hundred day moving average price of $98.79. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The firm has a market capitalization of $97.04 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the firm earned $0.90 EPS. On average, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal 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 dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.86%. Starbucks’s dividend payout ratio (DPR) is 78.71%.

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.