Starbucks Co. (NASDAQ:SBUX) Holdings Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,415,987 shares of the coffee company's stock after selling 333,697 shares during the period. Envestnet Asset Management Inc. owned 0.30% of Starbucks worth $311,709,000 at the end of the most recent reporting period.

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

Starbucks Stock Down 0.9 %

Shares of SBUX traded down $0.76 during mid-day trading on Friday, hitting $83.84. The stock had a trading volume of 3,379,070 shares, compared to its average volume of 11,429,005. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The company has a market cap of $95.23 billion, a PE ratio of 27.04, a PEG ratio of 3.59 and a beta of 1.00. The company's fifty day simple moving average is $102.66 and its two-hundred day simple moving average is $98.85.

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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, topping 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 prior year, the firm earned $0.90 earnings per share. Equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current 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 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 dividend payout ratio is currently 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday. Barclays increased their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.12.

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.