American Century Companies Inc. Has $64.17 Million Stock Holdings in Starbucks Corporation $SBUX

Key Points

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American Century Companies Inc. cut its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 654,166 shares of the coffee company's stock after selling 44,019 shares during the quarter. American Century Companies Inc. owned 0.06% of Starbucks worth $64,167,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Brighton Jones LLC boosted its holdings in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after purchasing an additional 81,952 shares in the last quarter. First Trust Advisors LP boosted its holdings in Starbucks by 15.9% during the fourth quarter. First Trust Advisors LP now owns 840,382 shares of the coffee company's stock valued at $76,685,000 after purchasing an additional 115,133 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Starbucks by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,789,245 shares of the coffee company's stock valued at $254,502,000 after purchasing an additional 99,839 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Starbucks by 90.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,124 shares of the coffee company's stock valued at $5,395,000 after purchasing an additional 28,083 shares in the last quarter. Finally, Natixis acquired a new stake in Starbucks during the fourth quarter valued at approximately $8,262,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of Starbucks stock opened at $92.54 on Tuesday. The firm has a fifty day moving average of $92.83 and a two-hundred day moving average of $93.88. The stock has a market capitalization of $105.19 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 5.32 and a beta of 1.02. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.61 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.6%. Starbucks's dividend payout ratio is currently 105.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Guggenheim lifted their price objective on Starbucks from $79.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Piper Sandler set a $105.00 target price on Starbucks and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Loop Capital set a $165.00 target price on Starbucks in a report on Tuesday, August 12th. Finally, Evercore ISI reissued an "outperform" rating and issued a $105.00 target price (up from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of "Hold" and an average target price of $103.65.

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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