Generali Investments Towarzystwo Funduszy Inwestycyjnych Has $785,000 Stake in Starbucks Corporation (NASDAQ:SBUX)

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in Starbucks Corporation by 43.1%, now holding 8,000 shares worth $785,000.
• Recent earnings report showed Starbucks' EPS was $0.50, missing expectations, while revenue was $9.46 billion, exceeding estimates.
• Starbucks announced a quarterly dividend of $0.61 per share, with a dividend yield of 2.8% and a high payout ratio of 105.17%.

Generali Investments Towarzystwo Funduszy Inwestycyjnych lowered its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 43.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the coffee company's stock after selling 6,050 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Starbucks were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Vanguard Capital Wealth Advisors acquired a new position in shares of Starbucks during the 4th quarter worth approximately $285,000. Czech National Bank increased its stake in shares of Starbucks by 6.2% in the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock valued at $25,591,000 after buying an additional 15,132 shares during the period. Personal CFO Solutions LLC increased its holdings in Starbucks by 125.5% in the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after purchasing an additional 5,151 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Starbucks by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company's stock worth $45,489,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Norden Group LLC lifted its stake in Starbucks by 66.1% in the first quarter. Norden Group LLC now owns 30,219 shares of the coffee company's stock valued at $2,964,000 after buying an additional 12,027 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 0.3%

NASDAQ SBUX traded up $0.30 during midday trading on Tuesday, hitting $90.08. The company had a trading volume of 2,104,308 shares, compared to its average volume of 10,636,502. The firm has a fifty day simple moving average of $91.83 and a two-hundred day simple moving average of $94.55. Starbucks Corporation has a fifty-two week low of $73.84 and a fifty-two week high of $117.46. The stock has a market cap of $102.39 billion, a price-to-earnings ratio of 38.79, a P/E/G ratio of 4.95 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. As a group, equities analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

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 dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's payout ratio is 105.17%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler boosted their target price on Starbucks from $102.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Wall Street Zen cut Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Evercore ISI reissued an "outperform" rating and set a $105.00 target price (up previously from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Cowen reissued a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. Finally, Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $101.27.

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.