Starbucks Co. (NASDAQ:SBUX) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Financial Life Planners purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Graney & King LLC acquired a new stake in Starbucks in the fourth quarter valued at $26,000. Collier Financial purchased a new stake in Starbucks during the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Starbucks in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. UBS Group cut their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. BMO Capital Markets lowered their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup dropped their target price on shares of Starbucks from $88.00 to $84.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $98.72.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded up $0.48 during trading on Thursday, reaching $83.46. The company had a trading volume of 2,706,145 shares, compared to its average volume of 11,170,756. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock's fifty day moving average price is $87.36 and its 200 day moving average price is $96.22. The firm has a market capitalization of $94.84 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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 analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued 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 2.92%. Starbucks's dividend payout ratio is currently 88.41%.

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.