Investors Research Corp Has $905,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Investors Research Corp cut its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 39.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,225 shares of the coffee company's stock after selling 5,913 shares during the period. Investors Research Corp's holdings in Starbucks were worth $905,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Starbucks during the fourth quarter worth approximately $1,244,812,000. Capital World Investors grew its position in Starbucks by 20.1% during the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after buying an additional 9,174,682 shares in the last quarter. FMR LLC increased its stake in Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after acquiring an additional 5,348,790 shares during the period. Capital Research Global Investors raised its holdings in Starbucks by 167.6% in the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock valued at $519,230,000 after acquiring an additional 3,563,942 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at $284,283,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Price Performance

NASDAQ SBUX traded up $1.54 during mid-day trading on Wednesday, reaching $88.14. 3,920,411 shares of the stock were exchanged, compared to its average volume of 11,064,023. The stock has a market cap of $100.16 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a 50 day simple moving average of $85.04 and a 200-day simple moving average of $95.40.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data 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 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 business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. Sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, May 16th. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets dropped their price target on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. TD Cowen reaffirmed a "hold" rating and set a $90.00 price target on shares of Starbucks in a report on Thursday, May 29th. Royal Bank of Canada lowered shares of Starbucks from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered 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. 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $97.92.

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.