Starbucks Corporation (NASDAQ:SBUX) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Starbucks by 20.6%, owning 1.6 million shares valued at approximately $157.8 million.
• Starbucks reported earnings of $0.50 per share for the last quarter, falling short of the expected $0.64, while revenue increased by 3.8% year-over-year.
• The company declared a quarterly dividend of $0.61, scheduled for payment on August 29th, with a dividend yield of 2.62% and a payout ratio of 88.41%.

Natixis Advisors LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,609,066 shares of the coffee company's stock after purchasing an additional 275,056 shares during the period. Natixis Advisors LLC owned approximately 0.14% of Starbucks worth $157,833,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new position in shares of Starbucks in the first quarter valued at approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $32,000. Ball & Co Wealth Management Inc. acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $41,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $44,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 2.6%

SBUX stock traded down $2.30 on Friday, hitting $86.86. The company's stock had a trading volume of 16,215,272 shares, compared to its average volume of 10,280,721. The firm has a 50 day moving average of $91.68 and a two-hundred day moving average of $94.62. Starbucks Corporation has a 1 year low of $72.72 and a 1 year high of $117.46. The stock has a market cap of $98.73 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 5.08 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly 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). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.29 billion. During the same quarter last year, the company earned $0.93 EPS. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's payout ratio is currently 105.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SBUX. Evercore ISI restated an "outperform" rating and issued a $105.00 price objective (up previously from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. CICC Research began coverage on shares of Starbucks in a report on Monday, June 30th. They issued an "outperform" rating and a $100.00 price objective for the company. Citigroup dropped their price objective on shares of Starbucks from $100.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, UBS Group boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $101.27.

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.