Capital International Inc. CA Grows Stock Position in Starbucks Co. (NASDAQ:SBUX)

Capital International Inc. CA raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,676 shares of the coffee company's stock after purchasing an additional 93,576 shares during the quarter. Capital International Inc. CA's holdings in Starbucks were worth $31,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pioneer Trust Bank N A OR grew its holdings in shares of Starbucks by 0.8% in the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after purchasing an additional 92 shares during the last quarter. Wintrust Investments LLC grew its stake in Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after acquiring an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel increased its holdings in Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after purchasing an additional 96 shares during the period. Gamco Investors INC. ET AL raised its position in Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after purchasing an additional 97 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC grew its position in shares of Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after buying an additional 97 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 0.9 %

Shares of NASDAQ SBUX traded up $0.71 during midday trading on Thursday, hitting $83.52. The stock had a trading volume of 3,772,086 shares, compared to its average volume of 11,478,459. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The company has a market capitalization of $94.87 billion, a PE ratio of 26.95, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50 day simple moving average of $97.38 and a 200-day simple moving average of $97.96.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 period in the previous year, the business earned $0.90 earnings per share. As a group, analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.92%. Starbucks's payout ratio is 78.71%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Stifel Nicolaus lowered their target price on Starbucks from $114.00 to $103.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Finally, Barclays dropped their price objective on Starbucks from $124.00 to $106.00 and set an "overweight" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Starbucks has an average 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.