Starbucks Co. (NASDAQ:SBUX) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 94.6% in the fourth quarter, according to its most recent filing with the 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 SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Starbucks by 20.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,545 shares of the coffee company's stock valued at $415,000 after buying an additional 779 shares during the period. Capital & Planning LLC lifted its holdings in shares of Starbucks by 40.7% in the fourth quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock valued at $1,099,000 after buying an additional 3,483 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Starbucks by 17.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,637 shares of the coffee company's stock valued at $1,062,000 after buying an additional 1,759 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Starbucks by 4.4% in the fourth quarter. Merit Financial Group LLC now owns 69,181 shares of the coffee company's stock valued at $6,313,000 after buying an additional 2,918 shares during the period. Finally, Premier Path Wealth Partners LLC lifted its holdings in shares of Starbucks by 13.0% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,854 shares of the coffee company's stock valued at $443,000 after buying an additional 560 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Shares of SBUX stock opened at $85.57 on Monday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock's 50-day moving average is $88.15 and its two-hundred day moving average is $96.49. The firm has a market cap of $97.24 billion, a P/E ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued 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). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently announced 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 2.85%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is currently 88.41%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SBUX. Wedbush upped their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. StockNews.com raised Starbucks from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 target price on shares of Starbucks in a report on Friday. Finally, UBS Group reduced their target price on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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