Cambridge Investment Research Advisors Inc. Grows Holdings in Starbucks Co. (NASDAQ:SBUX)

Cambridge Investment Research Advisors Inc. lifted its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,684 shares of the coffee company's stock after purchasing an additional 5,723 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Starbucks were worth $27,802,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Starbucks in the fourth quarter worth $25,000. Graney & King LLC purchased a new position in Starbucks in the 4th quarter worth $26,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks during the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Starbucks in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Down 2.3 %

Shares of Starbucks stock traded down $1.89 during trading hours on Friday, reaching $80.30. 8,200,239 shares of the company's stock were exchanged, compared to its average volume of 11,160,310. The business has a fifty day moving average of $90.00 and a two-hundred day moving average of $96.88. The company has a market capitalization of $91.25 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $8.76 billion for 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 firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. As a group, research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 3.04%. Starbucks's dividend payout ratio (DPR) is 88.41%.

Analyst Ratings Changes

SBUX has been the topic of a number of recent research reports. 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 shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a report on Wednesday, April 9th. Barclays reduced their target price on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Wells Fargo & Company decreased their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.72.

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.