NBC Securities Inc. Boosts Holdings in Starbucks Co. (NASDAQ:SBUX)

NBC Securities Inc. raised its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 166,860.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,348 shares of the coffee company's stock after purchasing an additional 8,343 shares during the quarter. NBC Securities Inc.'s holdings in Starbucks were worth $818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new position in Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $26,000. Collier Financial acquired a new position in shares of Starbucks in the 4th quarter valued at $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SBUX shares. JPMorgan Chase & Co. cut their price objective on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. TD Cowen restated a "hold" rating and set a $90.00 target price on shares of Starbucks in a report on Thursday, May 29th. Barclays dropped their target price on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. TD Securities reaffirmed a "hold" rating and set a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Finally, Stifel Nicolaus decreased their target price on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Starbucks currently has a consensus rating of "Hold" and a consensus target price of $97.92.

Starbucks Stock Performance

Shares of Starbucks stock traded down $1.12 during midday trading on Thursday, hitting $86.99. 8,474,149 shares of the company traded hands, compared to its average volume of 11,067,139. The stock has a market cap of $98.86 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.59 and a beta of 1.00. The firm's fifty day moving average price is $84.85 and its 200-day moving average price is $95.35. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share 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 business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company's revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.80%. Starbucks's payout ratio is 88.41%.

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.