Russell Investments Group Ltd. decreased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 673,138 shares of the coffee company's stock after selling 59,207 shares during the period. Russell Investments Group Ltd. owned 0.06% of Starbucks worth $61,396,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of SBUX. Financial Life Planners purchased a new position in Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the fourth quarter worth $26,000. Collier Financial bought a new position in shares of Starbucks in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the fourth quarter valued at $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $30,000. Institutional investors own 72.29% of the company's stock.
Starbucks Trading Up 1.0 %
Shares of SBUX stock traded up $0.83 during trading hours on Friday, reaching $85.43. The company's stock had a trading volume of 10,058,643 shares, compared to its average volume of 11,473,170. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a market capitalization of $97.04 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.59 and a beta of 1.00. The firm's fifty day simple moving average is $102.16 and its 200 day simple moving average is $98.78.
Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company earned $0.90 EPS. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.
Starbucks Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 annualized dividend and a yield of 2.86%. Starbucks's dividend payout ratio (DPR) is presently 78.71%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on SBUX. Wedbush raised their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research report on Wednesday. Finally, Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.68.
View Our Latest Analysis on SBUX
Starbucks Company Profile
(
Free Report)
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.
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