Sierra Capital LLC Purchases 2,825 Shares of Starbucks Co. (NASDAQ:SBUX)

Sierra Capital LLC boosted its position in Starbucks Co. (NASDAQ:SBUXGet Rating) by 287.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,809 shares of the coffee company’s stock after acquiring an additional 2,825 shares during the period. Sierra Capital LLC’s holdings in Starbucks were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc bought a new stake in shares of Starbucks during the third quarter valued at about $25,000. Steward Financial Group LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. PYA Waltman Capital LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $25,000. Ahrens Investment Partners LLC bought a new stake in shares of Starbucks during the fourth quarter valued at about $31,000. Finally, Focused Wealth Management Inc increased its position in shares of Starbucks by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 267 shares of the coffee company’s stock valued at $31,000 after buying an additional 4,001 shares during the period. Institutional investors and hedge funds own 69.21% of the company’s stock.

SBUX stock traded down $1.63 during midday trading on Tuesday, hitting $71.86. The company had a trading volume of 14,081,984 shares, compared to its average volume of 10,575,017. Starbucks Co. has a 52 week low of $71.61 and a 52 week high of $126.32. The stock’s 50 day moving average price is $82.83 and its 200 day moving average price is $97.90. The stock has a market cap of $82.42 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.14 and a beta of 0.97.

Starbucks (NASDAQ:SBUXGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The coffee company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Starbucks had a net margin of 14.07% and a negative return on equity of 53.43%. The company had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.60 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts predict that Starbucks Co. will post 2.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.73%. Starbucks’s dividend payout ratio is presently 52.55%.

Several equities research analysts have recently weighed in on SBUX shares. BTIG Research decreased their price target on Starbucks from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. Jefferies Financial Group cut their price objective on Starbucks from $142.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd. Stephens cut their price objective on Starbucks from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Starbucks from $116.00 to $103.00 in a report on Monday. Finally, StockNews.com raised Starbucks from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.96.

About Starbucks (Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

Featured Stories

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUXGet Rating).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.