Starbucks Co. (NASDAQ:SBUX) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Starbucks Co. (NASDAQ:SBUX) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,993 shares of the coffee company’s stock after buying an additional 28,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Starbucks were worth $19,801,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SBUX. Financial Avengers Inc. lifted its holdings in shares of Starbucks by 0.8% during the fourth quarter. Financial Avengers Inc. now owns 42,086 shares of the coffee company’s stock valued at $3,840,000 after purchasing an additional 325 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Starbucks by 69.9% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 13,644 shares of the coffee company’s stock worth $1,245,000 after buying an additional 5,614 shares during the period. Vanguard Capital Wealth Advisors purchased a new stake in Starbucks during the fourth quarter valued at about $285,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Starbucks by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,893,188 shares of the coffee company’s stock worth $720,253,000 after buying an additional 1,599,140 shares during the period. Finally, USS Investment Management Ltd increased its position in shares of Starbucks by 147.0% in the fourth quarter. USS Investment Management Ltd now owns 244,516 shares of the coffee company’s stock worth $22,317,000 after acquiring an additional 145,516 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Down 3.0%

SBUX stock opened at $82.98 on Thursday. The firm has a 50 day moving average of $87.36 and a two-hundred day moving average of $96.22. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a market capitalization of $94.30 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, May 16th. Starbucks’s dividend payout ratio is 88.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wedbush upped their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Robert W. Baird restated a “neutral” rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a report on Monday, April 7th. UBS Group lowered their price target on Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus decreased their price objective on Starbucks from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.