Bank Julius Baer & Co. Ltd Zurich Acquires 7,175 Shares of Starbucks Corporation (NASDAQ:SBUX)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,782 shares of the coffee company's stock after acquiring an additional 7,175 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Starbucks were worth $21,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new position in Starbucks in the 4th quarter worth approximately $26,000. Hughes Financial Services LLC purchased a new position in Starbucks in the 1st quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in Starbucks in the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in Starbucks in the 4th quarter worth approximately $41,000. Institutional investors own 72.29% of the company's stock.

Starbucks Trading Up 0.8%

NASDAQ SBUX traded up $0.72 during trading on Friday, hitting $94.42. The company had a trading volume of 7,219,553 shares, compared to its average volume of 7,933,794. Starbucks Corporation has a one year low of $72.72 and a one year high of $117.46. The company has a market cap of $107.30 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 6.55 and a beta of 1.02. The company's fifty day moving average is $91.05 and its 200-day moving average is $94.65.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the company posted $0.68 earnings per share. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on SBUX. CICC Research began coverage on shares of Starbucks in a research note on Monday, June 30th. They issued an "outperform" rating and a $100.00 price target for the company. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 price objective (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $95.00 price objective (up previously from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Sanford C. Bernstein upped their price objective on shares of Starbucks from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Starbucks currently has an average rating of "Hold" and a consensus target price of $98.58.

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.