Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Starbucks Co. (NASDAQ:SBUX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 855,498 shares of the coffee company's stock, valued at approximately $78,064,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Starbucks as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Capital & Planning LLC boosted its position in Starbucks by 40.7% during the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock worth $1,099,000 after acquiring an additional 3,483 shares during the last quarter. Brighton Jones LLC boosted its holdings in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. RFG Advisory LLC increased its position in Starbucks by 4.7% during the 4th quarter. RFG Advisory LLC now owns 10,524 shares of the coffee company's stock valued at $960,000 after buying an additional 472 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Starbucks by 62.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 5,656 shares of the coffee company's stock worth $516,000 after acquiring an additional 2,167 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Starbucks by 2.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 18,617 shares of the coffee company's stock valued at $1,699,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Down 2.3%

Shares of NASDAQ:SBUX traded down $1.95 during midday trading on Thursday, hitting $84.05. 10,305,423 shares of the stock were exchanged, compared to its average volume of 11,126,461. The stock has a market cap of $95.51 billion, a P/E ratio of 27.11, a PEG ratio of 3.59 and a beta of 0.99. The company has a 50 day moving average price of $86.02 and a 200-day moving average price of $95.82. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

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 company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the business earned $0.68 earnings per share. Starbucks's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.90%. Starbucks's dividend payout ratio is currently 88.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Guggenheim lowered their target price on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. UBS Group lowered their target price on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Citigroup cut their target price on Starbucks from $88.00 to $84.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Barclays lowered their target price on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $97.92.

Starbucks 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.