Mufg Securities Americas Inc. Takes Position in Starbucks Co. (NASDAQ:SBUX)

Mufg Securities Americas Inc. purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,732 shares of the coffee company's stock, valued at approximately $1,527,000.

Several other hedge funds have also added to or reduced their stakes in SBUX. Aprio Wealth Management LLC lifted its holdings in Starbucks by 23.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,077 shares of the coffee company's stock valued at $281,000 after purchasing an additional 584 shares during the last quarter. Matrix Trust Co raised its stake in Starbucks by 605.3% during the fourth quarter. Matrix Trust Co now owns 1,065 shares of the coffee company's stock worth $97,000 after acquiring an additional 914 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Starbucks by 17.6% during the fourth quarter. Capital Investment Advisors LLC now owns 18,313 shares of the coffee company's stock worth $1,671,000 after acquiring an additional 2,744 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Starbucks by 1.6% during the fourth quarter. Wedmont Private Capital now owns 13,512 shares of the coffee company's stock worth $1,246,000 after purchasing an additional 212 shares during the last quarter. Finally, Signet Financial Management LLC bought a new stake in shares of Starbucks during the fourth quarter worth about $661,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SBUX shares. Stifel Nicolaus reduced their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. TD Securities cut their price target on Starbucks from $102.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.72.

Starbucks Stock Down 1.9%

NASDAQ SBUX traded down $1.69 on Friday, reaching $85.57. The company had a trading volume of 13,093,429 shares, compared to its average volume of 11,223,063. The stock has a market capitalization of $97.24 billion, a P/E ratio of 27.60, a P/E/G ratio of 3.59 and a beta of 0.99. The company's fifty day moving average is $88.15 and its 200 day moving average is $96.50. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, research analysts expect 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. Investors of record on Friday, May 16th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is currently 88.41%.

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.