Starbucks Co. (NASDAQ:SBUX) Holdings Raised by Capital International Investors

Capital International Investors boosted its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,191,918 shares of the coffee company's stock after buying an additional 267,736 shares during the period. Capital International Investors owned 0.90% of Starbucks worth $929,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBUX. Financial Life Planners purchased a new stake in Starbucks during the fourth quarter valued at about $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the 4th quarter worth about $26,000. Collier Financial purchased a new stake in shares of Starbucks during the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the 4th quarter worth approximately $27,000. Finally, Marshall Investment Management LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SBUX shares. Stifel Nicolaus cut their target price on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Citigroup decreased their price target on Starbucks from $100.00 to $88.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research note on Wednesday, April 9th. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.00.

Starbucks Trading Up 0.4 %

NASDAQ SBUX traded up $0.36 during trading hours on Thursday, reaching $83.17. The company's stock had a trading volume of 2,931,183 shares, compared to its average volume of 10,605,449. The business has a 50-day simple moving average of $97.38 and a 200 day simple moving average of $97.96. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $94.47 billion, a PE ratio of 26.86, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $0.90 earnings per share. As a group, equities analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.93%. Starbucks's 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.