Raiffeisen Bank International AG Takes Position in Starbucks Co. (NASDAQ:SBUX)

Raiffeisen Bank International AG purchased a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,841 shares of the coffee company's stock, valued at approximately $710,000.

Several other large investors have also modified their holdings of SBUX. Strategic Financial Concepts LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at about $62,000. Arizona State Retirement System boosted its holdings in Starbucks by 0.8% during the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock valued at $29,881,000 after purchasing an additional 2,722 shares in the last quarter. West Michigan Advisors LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $265,000. Wernau Asset Management Inc. acquired a new position in shares of Starbucks in the 4th quarter worth approximately $258,000. Finally, OFI Invest Asset Management bought a new position in shares of Starbucks during the 4th quarter worth approximately $9,497,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBUX has been the subject of several recent analyst reports. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered Starbucks from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $103.00 to $85.00 in a research note on Wednesday, April 30th. StockNews.com upgraded Starbucks from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Finally, TD Securities reduced their price target on shares of Starbucks from $102.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $98.72.

Starbucks Price Performance

Starbucks stock traded up $0.98 during mid-day trading on Tuesday, reaching $85.59. The stock had a trading volume of 9,308,284 shares, compared to its average volume of 11,196,101. The company has a 50-day moving average price of $87.66 and a two-hundred day moving average price of $96.31. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The company has a market capitalization of $97.26 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same quarter last year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks's payout ratio is 88.41%.

About Starbucks

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.