Bryn Mawr Capital Management LLC Buys 4,867 Shares of Starbucks Corporation (NASDAQ:SBUX)

Bryn Mawr Capital Management LLC increased its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,201 shares of the coffee company's stock after buying an additional 4,867 shares during the period. Bryn Mawr Capital Management LLC's holdings in Starbucks were worth $1,589,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Starbucks by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock worth $10,138,442,000 after purchasing an additional 784,432 shares during the last quarter. Capital World Investors boosted its stake in shares of Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock valued at $5,011,796,000 after purchasing an additional 9,174,682 shares during the last quarter. FMR LLC boosted its stake in shares of Starbucks by 27.0% in the 4th 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 last quarter. Geode Capital Management LLC raised its position in shares of Starbucks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 24,826,001 shares of the coffee company's stock valued at $2,259,516,000 after acquiring an additional 548,245 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Starbucks by 4.7% during the 4th quarter. Wellington Management Group LLP now owns 15,868,817 shares of the coffee company's stock worth $1,448,030,000 after buying an additional 718,880 shares during the period. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 0.0%

Shares of SBUX traded up $0.03 during trading hours on Wednesday, reaching $92.51. The stock had a trading volume of 7,135,477 shares, compared to its average volume of 10,799,465. Starbucks Corporation has a 12 month low of $72.73 and a 12 month high of $117.46. The firm has a 50-day simple moving average of $89.53 and a 200 day simple moving average of $94.53. The company has a market capitalization of $105.13 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 4.78 and a beta of 1.02.

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

Starbucks Dividend Announcement

The company also recently announced 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 2.64%. Starbucks's dividend payout ratio is currently 88.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SBUX. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research report on Wednesday, April 9th. TD Cowen restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. 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 report on Tuesday, April 22nd. Citigroup reaffirmed a "neutral" rating and set a $100.00 price objective (up previously from $95.00) on shares of Starbucks in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.92.

About Starbucks

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.