Winslow Capital Management LLC Sells 3,616,738 Shares of Starbucks Co. (NASDAQ:SBUX)

Winslow Capital Management LLC decreased its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 99.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,631 shares of the coffee company's stock after selling 3,616,738 shares during the period. Winslow Capital Management LLC's holdings in Starbucks were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Life Planners acquired a new position in shares of Starbucks in the 4th 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 bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new stake in Starbucks in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 2.2 %

Shares of SBUX stock traded down $1.87 during trading hours on Monday, hitting $83.56. 3,425,494 shares of the company's stock traded hands, compared to its average volume of 11,453,893. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market cap of $94.92 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock's 50 day simple moving average is $102.16 and its 200 day simple moving average is $98.79.

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

Starbucks Dividend Announcement

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 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 2.92%. Starbucks's payout ratio is currently 78.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Robert W. Baird reissued a "neutral" rating and issued a $85.00 price objective (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Finally, Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.68.

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.