2,103 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Blue Fin Capital Inc.

Blue Fin Capital Inc. bought a new stake in Starbucks Co. (NASDAQ:SBUX) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,103 shares of the coffee company’s stock, valued at approximately $202,000.

Several other institutional investors also recently made changes to their positions in SBUX. Riggs Asset Managment Co. Inc. increased its holdings in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Cypress Capital Management LLC WY boosted its position in Starbucks by 133.1% during the fourth quarter. Cypress Capital Management LLC WY now owns 324 shares of the coffee company’s stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Atticus Wealth Management LLC grew its holdings in Starbucks by 153.8% in the fourth quarter. Atticus Wealth Management LLC now owns 330 shares of the coffee company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of Starbucks during the 4th quarter worth $36,000. Finally, Financial Connections Group Inc. acquired a new stake in Starbucks in the 4th quarter valued at about $38,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SBUX shares. Guggenheim dropped their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Citigroup lowered their price target on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Starbucks from a “buy” rating to a “hold” rating and decreased their target price for the stock from $108.00 to $89.00 in a research report on Wednesday. BMO Capital Markets reduced their price target on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Finally, Morgan Stanley lowered their price objective on Starbucks from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.09.

Starbucks Stock Down 2.4 %

Shares of NASDAQ SBUX traded down $1.82 on Friday, hitting $73.11. The company had a trading volume of 22,153,770 shares, compared to its average volume of 12,042,146. Starbucks Co. has a 12-month low of $72.67 and a 12-month high of $108.12. The firm has a market capitalization of $82.81 billion, a P/E ratio of 20.14, a PEG ratio of 1.39 and a beta of 0.97. The business has a 50 day moving average of $88.89 and a two-hundred day moving average of $93.84.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Starbucks Co. will post 3.69 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.12%. Starbucks’s dividend payout ratio is currently 62.81%.

Insider Buying and Selling at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,250 shares of company stock valued at $651,738 in the last ninety days. Insiders own 1.98% of the company’s stock.

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.