Starbucks Co. (NASDAQ:SBUX) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 966,461 shares of the coffee company's stock after acquiring an additional 76,099 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of Starbucks worth $88,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBUX. Czech National Bank lifted its position in Starbucks by 6.5% during the fourth quarter. Czech National Bank now owns 245,766 shares of the coffee company's stock valued at $22,426,000 after purchasing an additional 14,921 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Starbucks by 23.4% during the fourth quarter. Aprio Wealth Management LLC now owns 3,077 shares of the coffee company's stock valued at $281,000 after purchasing an additional 584 shares in the last quarter. Matrix Trust Co lifted its position in Starbucks by 605.3% during the fourth quarter. Matrix Trust Co now owns 1,065 shares of the coffee company's stock valued at $97,000 after purchasing an additional 914 shares in the last quarter. Clark & Stuart Inc purchased a new position in Starbucks during the fourth quarter valued at $507,000. Finally, Winthrop Advisory Group LLC lifted its position in Starbucks by 25.4% during the fourth quarter. Winthrop Advisory Group LLC now owns 11,159 shares of the coffee company's stock valued at $1,018,000 after purchasing an additional 2,263 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target on the stock in a report on Wednesday, April 9th. BMO Capital Markets decreased their price target on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays decreased their price target on Starbucks from $106.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird reissued a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.72.

Starbucks Stock Performance

Shares of NASDAQ SBUX traded down $1.69 during mid-day trading on Friday, hitting $85.57. The stock had a trading volume of 13,093,429 shares, compared to its average volume of 11,210,158. The company has a 50 day moving average of $88.15 and a two-hundred day moving average of $96.50. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market cap of $97.24 billion, a PE ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. Starbucks's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 earnings per share. Equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, May 16th. Starbucks's dividend payout ratio is presently 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.