DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 4,485,660 Shares of Starbucks Co. (NASDAQ:SBUX)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 92.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 346,041 shares of the coffee company's stock after selling 4,485,660 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Starbucks were worth $31,576,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Diligent Investors LLC lifted its stake in Starbucks by 51.1% in the fourth quarter. Diligent Investors LLC now owns 6,002 shares of the coffee company's stock valued at $548,000 after buying an additional 2,029 shares during the period. Eagle Global Advisors LLC bought a new position in Starbucks in the fourth quarter valued at approximately $8,147,000. Collar Capital Management LLC acquired a new position in Starbucks in the 4th quarter worth $1,677,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Starbucks by 1.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 304,684 shares of the coffee company's stock worth $27,802,000 after buying an additional 5,723 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Starbucks by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 497,207 shares of the coffee company's stock worth $45,370,000 after acquiring an additional 15,130 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SBUX shares. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. The Goldman Sachs Group cut shares of Starbucks from a "buy" rating to a "neutral" rating and cut their target price for the stock from $103.00 to $85.00 in a research note on Wednesday, April 30th. Citigroup decreased their price objective on Starbucks from $88.00 to $84.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Barclays lowered their target price on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada decreased their price target on Starbucks from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.72.

Starbucks Stock Up 6.7%

SBUX traded up $5.37 during trading on Monday, hitting $85.67. The company's stock had a trading volume of 17,238,954 shares, compared to its average volume of 11,184,631. The stock's fifty day moving average price is $90.00 and its 200-day moving average price is $96.88. The firm has a market capitalization of $97.36 billion, a P/E ratio of 27.64, 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.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. Equities research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal 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 paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. Starbucks's dividend payout ratio (DPR) is currently 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.