Bolthouse Investments LLC Buys Shares of 4,000 Starbucks Co. (NASDAQ:SBUX)

Bolthouse Investments LLC purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the coffee company’s stock, valued at approximately $365,000.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in Starbucks in the fourth quarter valued at $62,000. Arizona State Retirement System boosted its position in shares of Starbucks by 0.8% in the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after buying an additional 2,722 shares in the last quarter. West Michigan Advisors LLC acquired a new stake in Starbucks in the 4th quarter valued at about $265,000. Wernau Asset Management Inc. purchased a new position in Starbucks during the 4th quarter valued at about $258,000. Finally, OFI Invest Asset Management acquired a new position in Starbucks during the fourth quarter worth about $9,497,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.1 %

SBUX opened at $83.81 on Friday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The company has a 50 day moving average of $96.22 and a two-hundred day moving average of $97.79. The company has a market cap of $95.20 billion, a P/E ratio of 27.04, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 quarter in the previous year, the business posted $0.90 earnings per share. Research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

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. This represents a $2.44 annualized dividend and a yield of 2.91%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 78.71%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, March 18th. Wells Fargo & Company cut their price target on Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Stifel Nicolaus decreased their price objective on Starbucks from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group raised shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

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.