Public Employees Retirement System of Ohio Cuts Position in Starbucks Co. (NASDAQ:SBUX)

Public Employees Retirement System of Ohio decreased its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,904 shares of the coffee company's stock after selling 24,645 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Starbucks were worth $44,247,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital & Planning LLC increased its position in Starbucks by 40.7% during the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock worth $1,099,000 after purchasing an additional 3,483 shares in the last quarter. Red Door Wealth Management LLC grew its position in shares of Starbucks by 2.4% during the fourth quarter. Red Door Wealth Management LLC now owns 4,985 shares of the coffee company's stock worth $455,000 after buying an additional 118 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $238,000. Key Client Fiduciary Advisors LLC boosted its holdings in Starbucks by 19.1% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 2,954 shares of the coffee company's stock worth $270,000 after purchasing an additional 473 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 3.1%

SBUX traded up $2.61 on Tuesday, hitting $87.01. The company had a trading volume of 10,917,302 shares, compared to its average volume of 11,115,743. The firm has a market cap of $98.88 billion, a P/E ratio of 28.07, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The company's fifty day moving average price is $86.48 and its 200 day moving average price is $95.95.

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 the consensus estimate of $0.51 by ($0.10). The business 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%. Starbucks's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

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 given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is 88.41%.

Analyst Ratings Changes

SBUX has been the subject of a number of analyst reports. Robert W. Baird reiterated a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Citigroup reduced their price target on shares of Starbucks from $88.00 to $84.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Wedbush increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Starbucks presently has an average rating of "Hold" and a consensus price target of $98.72.

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.