Oxford Asset Management LLP Takes Position in Starbucks Co. (NASDAQ:SBUX)

Oxford Asset Management LLP acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,390 shares of the coffee company’s stock, valued at approximately $583,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Invst LLC increased its stake in Starbucks by 1.9% during the third quarter. Invst LLC now owns 20,767 shares of the coffee company’s stock valued at $2,025,000 after acquiring an additional 395 shares during the period. Tudor Financial Inc. bought a new position in Starbucks in the third quarter worth $1,352,000. Fulcrum Equity Management boosted its stake in Starbucks by 38.8% during the third quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company’s stock worth $402,000 after buying an additional 1,151 shares in the last quarter. Sculati Wealth Management LLC increased its holdings in Starbucks by 15.1% in the 3rd quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company’s stock valued at $940,000 after buying an additional 1,350 shares during the period. Finally, World Investment Advisors LLC raised its stake in shares of Starbucks by 1,941.0% in the 3rd quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company’s stock valued at $6,950,000 after buying an additional 67,799 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.1 %

Shares of SBUX opened at $83.81 on Friday. The stock has a market cap of $95.20 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock’s 50-day moving average price is $96.22 and its two-hundred day moving average price is $97.80. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.91%. Starbucks’s payout ratio is 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus lowered 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. Baird R W cut Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays dropped their price objective on Starbucks from $124.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.