Cetera Investment Advisers Acquires 15,130 Shares of Starbucks Co. (NASDAQ:SBUX)

Cetera Investment Advisers increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 497,207 shares of the coffee company's stock after purchasing an additional 15,130 shares during the quarter. Cetera Investment Advisers' holdings in Starbucks were worth $45,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBUX. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Guggenheim decreased their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company cut their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group dropped their target price on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, TD Securities lowered their target price on shares of Starbucks from $102.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.72.

Starbucks Stock Performance

Starbucks stock traded down $1.89 on Friday, reaching $80.30. The company's stock had a trading volume of 8,200,239 shares, compared to its average volume of 11,178,573. The company has a market cap of $91.25 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The business's fifty day moving average price is $90.00 and its 200 day moving average price is $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share 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. This represents a $2.44 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's dividend payout ratio is 88.41%.

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.