United Capital Financial Advisors LLC Has $56.80 Million Stock Position in Starbucks Co. (NASDAQ:SBUX)

United Capital Financial Advisors LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 622,473 shares of the coffee company's stock after selling 19,621 shares during the quarter. United Capital Financial Advisors LLC owned approximately 0.05% of Starbucks worth $56,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Starbucks in the fourth quarter valued at about $1,244,812,000. FMR LLC increased its holdings in Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Starbucks in the 4th quarter valued at approximately $284,283,000. Assenagon Asset Management S.A. boosted its holdings in Starbucks by 1,491.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,808,571 shares of the coffee company's stock worth $256,282,000 after purchasing an additional 2,632,087 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Starbucks by 9.0% during the fourth quarter. Invesco Ltd. now owns 11,457,981 shares of the coffee company's stock worth $1,045,541,000 after acquiring an additional 944,897 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Starbucks stock traded up $0.74 during midday trading on Friday, hitting $81.50. The company's stock had a trading volume of 9,784,353 shares, compared to its average volume of 11,491,129. The company has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a 50-day moving average price of $99.25 and a two-hundred day moving average price of $98.27.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the business earned $0.90 earnings per share. Sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

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 given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, May 16th. Starbucks's payout ratio is currently 78.71%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price target for the company in a research note on Wednesday, April 9th. Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price target on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Wedbush upped their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $104.79.

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.