Starbucks Co. (NASDAQ:SBUX) Stock Holdings Increased by Capital Research Global Investors

Capital Research Global Investors grew its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 167.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,690,198 shares of the coffee company's stock after buying an additional 3,563,942 shares during the period. Capital Research Global Investors owned about 0.50% of Starbucks worth $519,230,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBUX. Vanguard Group Inc. lifted its holdings in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after purchasing an additional 784,432 shares during the last quarter. Capital World Investors lifted its stake in Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the last quarter. FMR LLC boosted its holdings in shares of Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after acquiring an additional 5,348,790 shares during the period. Geode Capital Management LLC grew its position in shares of Starbucks by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock worth $2,259,516,000 after acquiring an additional 548,245 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Starbucks by 4.7% in the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after acquiring an additional 718,880 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SBUX. Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Robert W. Baird restated a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. UBS Group boosted their price target on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Starbucks currently has an average rating of "Moderate Buy" and an average price target of $104.79.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $81.50 on Friday. The business has a 50 day simple moving average of $99.25 and a 200 day simple moving average of $98.27. 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 $92.58 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the business earned $0.90 earnings per share. On average, analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.99%. Starbucks's dividend payout ratio (DPR) is presently 78.71%.

Starbucks 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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