Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Capital International Ltd. CA

Capital International Ltd. CA boosted its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 179,735 shares of the coffee company's stock after acquiring an additional 35,282 shares during the quarter. Capital International Ltd. CA's holdings in Starbucks were worth $16,401,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invst LLC grew its holdings in shares of Starbucks by 1.9% during the third quarter. Invst LLC now owns 20,767 shares of the coffee company's stock worth $2,025,000 after buying an additional 395 shares in the last quarter. Tudor Financial Inc. purchased a new position in shares of Starbucks during the 3rd quarter worth $1,352,000. Fulcrum Equity Management lifted its position in Starbucks by 38.8% in the third quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company's stock valued at $402,000 after buying an additional 1,151 shares during the last quarter. Sculati Wealth Management LLC increased its position in shares of Starbucks by 15.1% during the third quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company's stock valued at $940,000 after acquiring an additional 1,350 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Starbucks by 1,941.0% in the 3rd quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company's stock worth $6,950,000 after acquiring an additional 67,799 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SBUX. Robert W. Baird reissued a "neutral" rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays decreased their price target on shares of Starbucks from $124.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup reduced their price objective on Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Baird R W lowered Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Starbucks presently has a consensus rating of "Moderate Buy" and an average target price of $103.00.

Starbucks Price Performance

NASDAQ:SBUX traded up $1.07 during trading hours on Tuesday, reaching $81.75. 10,140,281 shares of the company were exchanged, compared to its average volume of 11,482,274. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a 50 day simple moving average of $98.60 and a 200 day simple moving average of $98.18. The firm has a market cap of $92.86 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.59 and a beta of 1.00.

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

Starbucks Dividend Announcement

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 annualized dividend and a yield of 2.98%. Starbucks's dividend payout ratio is currently 78.71%.

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.