Starbucks Co. (NASDAQ:SBUX) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 90.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,124 shares of the coffee company's stock after buying an additional 28,083 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Starbucks were worth $5,395,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Starbucks during the 4th quarter worth $25,000. Graney & King LLC purchased a new position in shares of Starbucks in the 4th quarter worth about $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks during the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks in the 4th quarter worth approximately $30,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 0.1 %

Shares of Starbucks stock traded down $0.05 on Friday, reaching $83.81. The company's stock had a trading volume of 5,793,836 shares, compared to its average volume of 11,483,986. The company has a market capitalization of $95.20 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The firm's fifty day simple moving average is $96.81 and its two-hundred day simple moving average is $97.87.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping 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 quarter in the previous year, the firm posted $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. Starbucks's payout ratio is 78.71%.

Analysts Set New Price Targets

A number of equities analysts recently commented on SBUX shares. UBS Group lifted their target price 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 lowered their target price on Starbucks from $124.00 to $106.00 and set an "overweight" rating for the company in a research note on Tuesday. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Robert W. Baird reissued a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Two equities research 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.00.

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.