5,191 Shares in Starbucks Corporation (NASDAQ:SBUX) Acquired by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP has acquired a new stake in Starbucks, purchasing 5,191 shares valued at approximately $509,000.
• Several institutional investors have increased their ownership in Starbucks, with Capital World Investors raising its stake by 20.1%, now totaling over $5 billion in shares.
• Starbucks recently declared a quarterly dividend of $0.61 per share, with a yield of 2.58%, highlighting its commitment to returning value to shareholders.

Stevens Capital Management LP acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,191 shares of the coffee company's stock, valued at approximately $509,000.

Several other institutional investors have also bought and sold shares of SBUX. University of Texas Texas AM Investment Management Co. bought a new position in Starbucks in the fourth quarter worth approximately $25,000. Hughes Financial Services LLC bought a new position in Starbucks in the 1st quarter valued at approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Starbucks during the fourth quarter valued at about $32,000. Ball & Co Wealth Management Inc. bought a new stake in Starbucks in the fourth quarter worth about $41,000. Finally, Accredited Wealth Management LLC acquired a new position in shares of Starbucks during the fourth quarter worth $44,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of SBUX traded up $0.26 on Wednesday, hitting $93.22. 26,001,494 shares of the stock traded hands, compared to its average volume of 10,455,616. Starbucks Corporation has a one year low of $72.72 and a one year high of $117.46. The business has a 50 day simple moving average of $91.38 and a 200 day simple moving average of $94.66. The company has a market capitalization of $105.93 billion, a PE ratio of 33.77, a P/E/G ratio of 6.48 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The firm had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $9.29 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. Starbucks's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SBUX shares. Royal Bank Of Canada raised their price target on shares of Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday. Citigroup reissued a "neutral" rating and set a $100.00 price objective (up previously from $95.00) on shares of Starbucks in a report on Monday, July 14th. Sanford C. Bernstein boosted their price objective on shares of Starbucks from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley raised their price target on shares of Starbucks from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of "Hold" and a consensus target price of $100.12.

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.