GF Fund Management CO. LTD. bought a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 214,880 shares of the coffee company's stock, valued at approximately $19,608,000.
Several other large investors have also bought and sold shares of SBUX. Financial Life Planners acquired a new position in Starbucks during the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC acquired a new position in Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new position in Starbucks during the 4th quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Starbucks during the 4th quarter worth approximately $27,000. 72.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
SBUX has been the subject of a number of recent research reports. Guggenheim decreased their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus decreased their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. TD Securities decreased their price objective on Starbucks from $102.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Robert W. Baird reissued a "neutral" rating and set a $85.00 price objective (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Starbucks in a report on Friday, May 16th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of "Hold" and an average price target of $98.72.
Get Our Latest Stock Analysis on Starbucks
Starbucks Price Performance
NASDAQ SBUX traded up $2.61 during mid-day trading on Tuesday, hitting $87.01. The company's stock had a trading volume of 10,917,302 shares, compared to its average volume of 11,115,743. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The stock's fifty day simple moving average is $86.48 and its two-hundred day simple moving average is $95.95. The firm has a market capitalization of $98.88 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.
Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.
Starbucks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is presently 88.41%.
About Starbucks
(
Free Report)
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.
Recommended Stories
Before you consider Starbucks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Starbucks wasn't on the list.
While Starbucks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
