Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Tolleson Wealth Management Inc.

Tolleson Wealth Management Inc. boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 63.7% during the fourth quarter, HoldingsChannel reports. The fund owned 5,290 shares of the coffee company’s stock after buying an additional 2,059 shares during the period. Tolleson Wealth Management Inc.’s holdings in Starbucks were worth $483,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SBUX. Hennion & Walsh Asset Management Inc. lifted its stake in Starbucks by 20.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,545 shares of the coffee company’s stock worth $415,000 after purchasing an additional 779 shares in the last quarter. Capital & Planning LLC increased its position in shares of Starbucks by 40.7% during the fourth quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company’s stock worth $1,099,000 after acquiring an additional 3,483 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Starbucks by 17.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,637 shares of the coffee company’s stock worth $1,062,000 after acquiring an additional 1,759 shares during the period. Walker Asset Management LLC increased its position in shares of Starbucks by 0.7% during the fourth quarter. Walker Asset Management LLC now owns 22,779 shares of the coffee company’s stock worth $2,079,000 after acquiring an additional 160 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of Starbucks by 4.4% during the fourth quarter. Merit Financial Group LLC now owns 69,181 shares of the coffee company’s stock worth $6,313,000 after acquiring an additional 2,918 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent research reports. Wells Fargo & Company cut their price objective on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Guggenheim cut their price objective on Starbucks from $95.00 to $83.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. cut their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Citigroup dropped their target price on Starbucks from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Finally, TD Securities dropped their target price on Starbucks from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.72.

Starbucks Stock Performance

Shares of SBUX opened at $85.57 on Friday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company has a market capitalization of $97.24 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm has a 50-day simple moving average of $88.15 and a 200-day simple moving average of $96.50.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter last year, the company posted $0.68 EPS. Starbucks’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.85%. Starbucks’s dividend payout ratio (DPR) is 88.41%.

About Starbucks

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.