Starbucks Co. (NASDAQ:SBUX) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 840,382 shares of the coffee company's stock after purchasing an additional 115,133 shares during the period. First Trust Advisors LP owned about 0.07% of Starbucks worth $76,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pioneer Trust Bank N A OR raised its holdings in shares of Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after acquiring an additional 92 shares during the last quarter. Wintrust Investments LLC lifted its holdings in Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock valued at $128,000 after purchasing an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel grew its holdings in shares of Starbucks by 2.3% during the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after buying an additional 96 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its holdings in shares of Starbucks by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after buying an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Starbucks by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

SBUX has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Robert W. Baird reiterated a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.79.

Starbucks Stock Down 1.0 %

Shares of Starbucks stock opened at $80.68 on Tuesday. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The company has a market capitalization of $91.64 billion, a P/E ratio of 26.03, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a 50 day moving average of $98.60 and a 200 day moving average of $98.18.

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 in the prior year, the company earned $0.90 earnings per share. As a group, research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm 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. This represents a $2.44 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio (DPR) is 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.

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