Natixis Acquires Shares of 90,545 Starbucks Co. (NASDAQ:SBUX)

Natixis bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 90,545 shares of the coffee company's stock, valued at approximately $8,262,000.

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

Starbucks Stock Performance

NASDAQ:SBUX traded down $0.05 on Friday, hitting $83.81. The stock had a trading volume of 5,796,981 shares, compared to its average volume of 11,483,986. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm's fifty day simple moving average is $96.81 and its two-hundred day simple moving average is $97.87. The stock has a market cap of $95.20 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 quarter last year, the firm posted $0.90 earnings per share. Equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.91%. Starbucks's dividend payout ratio (DPR) is presently 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the subject of several recent research reports. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company cut their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday. Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. UBS Group upped their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Barclays dropped their price target on shares of 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 issued a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.