Starbucks Co. (NASDAQ:SBUX) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,741 shares of the coffee company's stock after selling 5,653 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Starbucks were worth $5,816,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Starbucks in the 4th quarter worth about $1,244,812,000. Wellington Management Group LLP grew its holdings in Starbucks by 100.6% in the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock worth $1,476,967,000 after purchasing an additional 7,598,146 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $284,283,000. Assenagon Asset Management S.A. raised its position in shares of Starbucks by 1,491.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after purchasing an additional 2,632,087 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Starbucks in the third quarter worth approximately $126,574,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 1.2 %

Shares of NASDAQ:SBUX traded up $1.18 during midday trading on Wednesday, hitting $99.41. 6,033,966 shares of the stock were exchanged, compared to its average volume of 11,109,005. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock has a market cap of $112.92 billion, a P/E ratio of 32.07, a PEG ratio of 3.59 and a beta of 0.99. The company has a 50 day moving average price of $105.84 and a 200-day moving average price of $99.54.

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Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the business posted $0.90 EPS. On average, equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.45%. Starbucks's dividend payout ratio (DPR) is 78.71%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SBUX shares. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a report on Tuesday, March 18th. UBS Group upped their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus lifted their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $106.12.

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.