Schroder Investment Management Group Acquires 81,769 Shares of Starbucks Co. (NASDAQ:SBUX)

Schroder Investment Management Group raised its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 600,469 shares of the coffee company's stock after acquiring an additional 81,769 shares during the quarter. Schroder Investment Management Group owned approximately 0.05% of Starbucks worth $54,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Starbucks by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after buying an additional 784,432 shares in the last quarter. State Street Corp boosted its position in shares of Starbucks by 1.0% in the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock worth $4,482,045,000 after purchasing an additional 437,218 shares during the period. Geode Capital Management LLC increased its stake in Starbucks by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after buying an additional 333,004 shares in the last quarter. Wellington Management Group LLP raised its holdings in Starbucks by 100.6% during the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock valued at $1,476,967,000 after acquiring an additional 7,598,146 shares during the period. Finally, Norges Bank purchased a new position in shares of Starbucks in the fourth quarter valued at about $1,244,812,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Starbucks Trading Up 1.2 %

Shares of NASDAQ SBUX traded up $1.18 during mid-day trading on Wednesday, reaching $99.41. The company had a trading volume of 6,033,966 shares, compared to its average volume of 11,109,005. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The business's 50-day moving average is $105.84 and its 200-day moving average is $99.54. The stock has a market cap of $112.92 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results 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 quarter last year, the firm earned $0.90 EPS. As a group, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The company also recently announced 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. This represents a $2.44 annualized dividend and a dividend yield of 2.45%. Starbucks's dividend payout ratio is 78.71%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wedbush lifted their target price on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Starbucks has an average rating of "Moderate Buy" and a consensus price target of $106.12.

Starbucks Company 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.