Van Lanschot Kempen Investment Management N.V. Takes $7.56 Million Position in Starbucks Corporation $SBUX

Key Points

• Van Lanschot Kempen Investment Management N.V. acquired approximately $7.56 million worth of Starbucks Corporation shares, purchasing 77,079 shares during the first quarter.
• Starbucks reported $0.50 earnings per share for the most recent quarter, missing the consensus estimate of $0.64, although its revenue was above expectations at $9.46 billion.
• The company will pay a quarterly dividend of $0.61 per share on August 29th, with a payout ratio of 105.17%, indicating strong returns for shareholders despite recent earnings challenges.

Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 77,079 shares of the coffee company's stock, valued at approximately $7,561,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SBUX. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the fourth quarter valued at $25,000. Hughes Financial Services LLC acquired a new stake in shares of Starbucks in the 1st quarter worth about $27,000. McClarren Financial Advisors Inc. bought a new stake in Starbucks in the 1st quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new stake in Starbucks in the 4th quarter valued at about $32,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Starbucks during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

SBUX opened at $90.93 on Wednesday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The stock's fifty day moving average is $92.82 and its 200-day moving average is $93.86. The company has a market capitalization of $103.36 billion, a PE ratio of 39.19, a P/E/G ratio of 5.43 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. On average, equities research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, August 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.7%. Starbucks's dividend payout ratio (DPR) is 105.17%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird upgraded shares of Starbucks from a "neutral" rating to an "outperform" rating and raised their price target for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Morgan Stanley restated an "overweight" rating and issued a $103.00 target price (up from $95.00) on shares of Starbucks in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group lowered Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 price target for the company. in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada raised their price target on Starbucks from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $103.65.

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.

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