Starbucks Co. (NASDAQ:SBUX) Stock Holdings Increased by Capital International Sarl

Capital International Sarl increased its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,362 shares of the coffee company's stock after acquiring an additional 69,586 shares during the quarter. Capital International Sarl's holdings in Starbucks were worth $25,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Financial Life Planners purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC purchased a new position in Starbucks in the fourth quarter valued at $26,000. Collier Financial acquired a new stake in Starbucks in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new stake in Starbucks during the fourth quarter worth approximately $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Starbucks stock traded down $0.82 during midday trading on Monday, reaching $80.68. The stock had a trading volume of 10,592,285 shares, compared to its average volume of 11,487,541. The stock's 50-day simple moving average is $99.25 and its 200 day simple moving average is $98.29. The stock has a market capitalization of $91.64 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data 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 negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the firm earned $0.90 EPS. Equities analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company 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 $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 3.02%. Starbucks's dividend payout ratio (DPR) is presently 78.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SBUX. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Wedbush lifted 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. BMO Capital Markets boosted their price target on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Starbucks has an average rating of "Moderate Buy" and an average target price of $104.79.

Starbucks 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.