Capital Planning LLC Buys 3,483 Shares of Starbucks Co. (NASDAQ:SBUX)

Capital Planning LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,039 shares of the coffee company's stock after purchasing an additional 3,483 shares during the period. Capital Planning LLC's holdings in Starbucks were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in Starbucks by 100.6% in the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after buying an additional 7,598,146 shares during the last quarter. FMR LLC raised its holdings in shares of Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock valued at $1,928,339,000 after purchasing an additional 7,015,375 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Starbucks by 1,466.3% in the second quarter. Marshall Wace LLP now owns 3,350,932 shares of the coffee company's stock worth $260,870,000 after purchasing an additional 3,136,992 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Starbucks by 1,491.4% during the fourth 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, Healthcare of Ontario Pension Plan Trust Fund grew its position in Starbucks by 1,078.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,545,419 shares of the coffee company's stock valued at $248,153,000 after purchasing an additional 2,329,431 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Up 0.8 %

Shares of NASDAQ:SBUX traded up $0.75 during trading on Friday, reaching $95.18. 5,896,889 shares of the company traded hands, compared to its average volume of 6,475,438. The firm has a market capitalization of $107.92 billion, a PE ratio of 28.76, a PEG ratio of 2.73 and a beta of 0.99. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $103.32. The company's 50 day moving average is $95.89 and its two-hundred day moving average is $91.38.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts anticipate that Starbucks Co. will post 3.1 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 dividend on an annualized basis and a yield of 2.56%. Starbucks's dividend payout ratio is currently 73.72%.

Insiders Place Their Bets

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now directly owns 80,124 shares of the company's stock, valued at approximately $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SBUX. UBS Group boosted their price target on shares of Starbucks from $85.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Starbucks from $98.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Royal Bank of Canada started coverage on Starbucks in a research note on Friday, November 15th. They set an "outperform" rating and a $115.00 price objective on the stock. Barclays decreased their target price on shares of Starbucks from $110.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Jefferies Financial Group cut shares of Starbucks from a "hold" rating to an "underperform" rating and cut their price target for the company from $80.00 to $76.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.92.

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.