Czech National Bank Increases Stake in Starbucks Co. (NASDAQ:SBUX)

Czech National Bank increased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,898 shares of the coffee company's stock after purchasing an additional 15,132 shares during the quarter. Czech National Bank's holdings in Starbucks were worth $25,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Financial Life Planners purchased a new stake in Starbucks in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Starbucks in the fourth quarter worth about $25,000. Graney & King LLC purchased a new stake in Starbucks in the fourth quarter worth about $26,000. Collier Financial purchased a new stake in Starbucks in the fourth quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Starbucks in the fourth quarter worth about $27,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

SBUX traded up $0.06 on Thursday, reaching $88.17. 3,796,164 shares of the company's stock were exchanged, compared to its average volume of 11,048,972. The stock has a market cap of $100.20 billion, a PE ratio of 28.44, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The stock's fifty day moving average price is $84.85 and its 200-day moving average price is $95.35.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. During the same period last year, the firm earned $0.68 earnings per share. Starbucks's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, May 16th. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analysts Forecast Growth

SBUX has been the subject of several recent research reports. Wall Street Zen lowered shares of Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. 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. The Goldman Sachs Group cut shares of Starbucks from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $103.00 to $85.00 in a research note on Wednesday, April 30th. BMO Capital Markets decreased their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Guggenheim decreased their target price on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Starbucks currently has an average rating of "Hold" and an average target price of $97.92.

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.