Commerzbank Aktiengesellschaft FI Has $2.23 Million Stock Position in Starbucks Corporation (NASDAQ:SBUX)

Commerzbank Aktiengesellschaft FI trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 50.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,751 shares of the coffee company's stock after selling 23,403 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Starbucks were worth $2,232,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TrinityPoint Wealth LLC boosted its holdings in shares of Starbucks by 2.7% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after purchasing an additional 89 shares during the last quarter. Pioneer Trust Bank N A OR lifted its holdings in shares of Starbucks by 0.8% during the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after acquiring an additional 92 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after acquiring an additional 97 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after acquiring an additional 97 shares in the last quarter. Finally, Taurus Asset Management LLC lifted its holdings in shares of Starbucks by 0.5% during the 4th quarter. Taurus Asset Management LLC now owns 21,895 shares of the coffee company's stock valued at $1,998,000 after acquiring an additional 100 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Up 0.7%

SBUX stock traded up $0.68 during trading hours on Thursday, hitting $93.19. The company's stock had a trading volume of 8,577,233 shares, compared to its average volume of 10,787,554. The company has a market capitalization of $105.90 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 4.74 and a beta of 1.02. Starbucks Corporation has a 12 month low of $72.73 and a 12 month high of $117.46. The stock has a 50 day moving average price of $89.73 and a two-hundred day moving average price of $94.52.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $8.76 billion during 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 business's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. Sell-side analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current 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 issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's dividend payout ratio is currently 88.41%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 target price on the stock. in a report on Thursday. Wall Street Zen downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Wells Fargo & Company dropped their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Cowen reaffirmed a "hold" rating on shares of Starbucks in a research note on Tuesday, June 24th. Finally, BMO Capital Markets dropped their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $98.85.

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.