Voya Financial Advisors Inc. Has $2.81 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Voya Financial Advisors Inc. reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,025 shares of the coffee company's stock after selling 3,087 shares during the quarter. Voya Financial Advisors Inc.'s holdings in Starbucks were worth $2,810,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBUX. Pioneer Trust Bank N A OR raised its stake in Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock valued at $1,032,000 after acquiring an additional 92 shares during the period. Wintrust Investments LLC lifted its stake in shares of Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company's stock worth $128,000 after buying an additional 94 shares during the last quarter. Kuhn & Co Investment Counsel boosted its holdings in shares of Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after buying an additional 96 shares during the period. Gamco Investors INC. ET AL grew its stake in Starbucks by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock valued at $261,000 after buying an additional 97 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in Starbucks by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock valued at $93,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of Starbucks stock traded down $0.02 on Tuesday, hitting $83.88. The stock had a trading volume of 4,676,212 shares, compared to its average volume of 11,474,244. The stock has a 50 day moving average of $95.65 and a 200 day moving average of $97.75. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The firm has a market capitalization of $95.28 billion, a P/E ratio of 27.02, a PEG ratio of 3.59 and a beta of 1.00.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $0.90 earnings per share. Equities analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business 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 is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. Starbucks's payout ratio is 78.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SBUX. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. BMO Capital Markets upped their price objective on Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Finally, Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Two 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 stock. Based on data from MarketBeat, Starbucks currently has an average rating of "Moderate Buy" and a consensus price target of $101.60.

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.