Charles Schwab Investment Management Inc. Boosts Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Charles Schwab Investment Management Inc. raised its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,027,953 shares of the coffee company's stock after purchasing an additional 27,496 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of Starbucks worth $948,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Starbucks by 0.4% during the third quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company's stock worth $9,756,001,000 after buying an additional 387,632 shares during the period. Northern Trust Corp grew its holdings in Starbucks by 1.5% during the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company's stock valued at $1,388,924,000 after purchasing an additional 232,031 shares during the last quarter. Fisher Asset Management LLC raised its position in Starbucks by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 11,367,331 shares of the coffee company's stock worth $1,091,378,000 after purchasing an additional 268,030 shares during the period. Invesco Ltd. lifted its stake in Starbucks by 11.8% in the third quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company's stock worth $962,144,000 after purchasing an additional 1,115,051 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Starbucks by 44.8% during the fourth quarter. Nordea Investment Management AB now owns 5,146,033 shares of the coffee company's stock valued at $493,350,000 after buying an additional 1,591,206 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Up 1.4 %

Shares of SBUX stock traded up $1.00 during trading hours on Wednesday, reaching $73.50. 24,468,960 shares of the company's stock were exchanged, compared to its average volume of 9,881,239. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $108.11. The stock's 50 day moving average is $88.03 and its 200-day moving average is $93.53. The company has a market cap of $83.25 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 earnings per share. Equities analysts anticipate that Starbucks Co. will post 3.63 EPS for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, May 16th. Starbucks's payout ratio is currently 62.81%.

Insider Buying and Selling

In other news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company's stock, valued at $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,250 shares of company stock worth $651,738 in the last three months. Corporate insiders own 1.98% of the company's stock.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. UBS Group reduced their price target on Starbucks from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, May 1st. Evercore ISI lowered their target price on shares of Starbucks from $120.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, May 1st. William Blair downgraded shares of Starbucks from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 1st. Wedbush lowered their price objective on shares of Starbucks from $95.00 to $92.00 and set a "neutral" rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of "Hold" and a consensus price target of $96.43.

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.