Janus Henderson Group PLC trimmed its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,121 shares of the coffee company's stock after selling 25,491 shares during the quarter. Janus Henderson Group PLC's holdings in Starbucks were worth $14,249,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Jefferies Financial Group Inc. lifted its holdings in shares of Starbucks by 1,076.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,612 shares of the coffee company's stock valued at $3,341,000 after purchasing an additional 33,500 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its holdings in Starbucks by 2.3% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,388 shares of the coffee company's stock valued at $492,000 after buying an additional 123 shares in the last quarter. Georgetown University boosted its holdings in Starbucks by 0.6% in the 4th quarter. Georgetown University now owns 118,156 shares of the coffee company's stock valued at $10,782,000 after purchasing an additional 703 shares during the period. Focus Partners Wealth lifted its position in shares of Starbucks by 11.7% during the 4th quarter. Focus Partners Wealth now owns 957,351 shares of the coffee company's stock valued at $88,202,000 after acquiring an additional 100,373 shares during the period. Finally, Ethic Inc. grew its stake in Starbucks by 30.9% during the fourth quarter. Ethic Inc. now owns 30,181 shares of the coffee company's stock worth $2,754,000 after buying an additional 7,123 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.
Starbucks Stock Performance
Shares of Starbucks stock traded up $0.98 during mid-day trading on Tuesday, hitting $85.59. 9,308,284 shares of the stock were exchanged, compared to its average volume of 11,196,051. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a 50-day simple moving average of $87.87 and a 200 day simple moving average of $96.39. The company has a market capitalization of $97.26 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.59 and a beta of 0.99.
Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. Starbucks's revenue was up 2.3% compared to the same quarter last year. Analysts predict that Starbucks Co. will post 2.99 EPS for the current year.
Starbucks Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.85%. Starbucks's payout ratio is 88.41%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SBUX shares. StockNews.com upgraded Starbucks from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Guggenheim dropped their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wedbush lifted their price target on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group cut their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and an average price target of $98.72.
Check Out Our Latest Stock Analysis on SBUX
About Starbucks
(
Free Report)
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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