Atria Investments Inc Grows Position in Starbucks Corporation (NASDAQ:SBUX)

Atria Investments Inc boosted its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,804 shares of the coffee company's stock after purchasing an additional 25,734 shares during the period. Atria Investments Inc's holdings in Starbucks were worth $15,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SBUX. Norges Bank purchased a new stake in Starbucks during the 4th quarter valued at $1,244,812,000. Capital World Investors increased its holdings in Starbucks by 20.1% during the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the period. Jennison Associates LLC acquired a new stake in shares of Starbucks during the first quarter worth $817,759,000. FMR LLC lifted its position in Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock valued at $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Finally, Capital Research Global Investors increased its holdings in Starbucks by 167.6% in the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock valued at $519,230,000 after buying an additional 3,563,942 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ SBUX traded up $0.72 during trading hours on Friday, reaching $94.42. The company's stock had a trading volume of 7,219,553 shares, compared to its average volume of 7,933,794. The firm has a fifty day simple moving average of $91.05 and a 200-day simple moving average of $94.64. The stock has a market cap of $107.30 billion, a P/E ratio of 34.21, a P/E/G ratio of 6.50 and a beta of 1.02. Starbucks Corporation has a 52 week low of $72.72 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. On average, research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is currently 88.41%.

Wall Street Analyst Weigh In

SBUX has been the subject of several recent analyst reports. Evercore ISI restated an "outperform" rating and issued a $105.00 target price (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. Stifel Nicolaus increased their price objective on shares of Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Cowen reissued a "hold" rating on shares of Starbucks in a research note on Tuesday, June 24th. UBS Group reiterated a "neutral" rating on shares of Starbucks in a report on Monday. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $98.58.

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.