Siemens Fonds Invest GmbH Sells 39,869 Shares of Starbucks Co. (NASDAQ:SBUX)

Siemens Fonds Invest GmbH decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 94.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,287 shares of the coffee company's stock after selling 39,869 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Starbucks were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BridgePort Financial Solutions LLC purchased a new position in Starbucks in the 4th quarter worth approximately $668,000. Park Square Financial Group LLC purchased a new stake in shares of Starbucks in the 4th quarter worth about $208,000. Menard Financial Group LLC purchased a new stake in shares of Starbucks in the 4th quarter worth approximately $87,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Starbucks in the 4th quarter worth about $78,064,000. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Starbucks by 1,076.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,612 shares of the coffee company's stock worth $3,341,000 after buying an additional 33,500 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SBUX. The Goldman Sachs Group lowered shares of Starbucks from a "buy" rating to a "neutral" rating and cut their target price for the company from $103.00 to $85.00 in a research report on Wednesday, April 30th. Barclays decreased their price target on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada cut Starbucks from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 29th. BMO Capital Markets dropped their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Robert W. Baird reissued 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. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of "Hold" and a consensus price target of $97.92.

Starbucks Price Performance

NASDAQ SBUX traded up $1.51 on Wednesday, hitting $88.11. 8,737,984 shares of the stock were exchanged, compared to its average volume of 11,077,509. The company has a market capitalization of $100.13 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 3.59 and a beta of 1.00. The company's 50-day moving average price is $84.85 and its two-hundred day moving average price is $95.35. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

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

Starbucks Announces Dividend

The business 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. This represents a $2.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, May 16th. Starbucks's payout ratio is 88.41%.

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.