Natixis Advisors LLC Increases Holdings in Starbucks Co. (NASDAQ:SBUX)

Natixis Advisors LLC lifted its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 16.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,349,923 shares of the coffee company's stock after buying an additional 185,962 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Starbucks worth $131,605,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SBUX. Strategic Investment Solutions Inc. IL bought a new stake in shares of Starbucks in the 2nd quarter worth approximately $25,000. New Millennium Group LLC bought a new stake in Starbucks in the second quarter worth $26,000. Stephens Consulting LLC grew its stake in shares of Starbucks by 498.2% in the second quarter. Stephens Consulting LLC now owns 335 shares of the coffee company's stock worth $26,000 after acquiring an additional 279 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Starbucks during the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Starbucks in the 2nd quarter worth about $31,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of SBUX traded down $0.20 during mid-day trading on Friday, reaching $98.42. The stock had a trading volume of 8,119,864 shares, compared to its average volume of 11,147,972. The firm has a market cap of $111.53 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.89 and a beta of 0.97. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The business has a fifty day moving average of $96.75 and a 200 day moving average of $86.19.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion for the quarter, compared to analysts' expectations of $9.60 billion. During the same period last year, the firm earned $1.06 earnings per share. The business's quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts forecast that Starbucks Co. will post 3.15 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.61 per share. This is a positive change from Starbucks's previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, November 15th. Starbucks's dividend payout ratio (DPR) is 73.72%.

Insider Activity

In other news, Director Jorgen Vig Knudstorp acquired 380 shares of the business's stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the transaction, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. This trade represents a 1.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.98% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Starbucks from $90.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Citigroup upped their price objective on Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Robert W. Baird upgraded Starbucks from a "neutral" rating to an "outperform" rating and increased their target price for the company from $81.00 to $110.00 in a research note on Tuesday, August 13th. Stifel Nicolaus boosted their price target on Starbucks from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, BTIG Research increased their price objective on Starbucks from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starbucks currently has an average rating of "Moderate Buy" and an average target price of $102.81.

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.