Natixis Advisors LLC Raises Stock Holdings in Starbucks Corporation (NASDAQ:SBUX)

Natixis Advisors LLC boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 20.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,609,066 shares of the coffee company’s stock after purchasing an additional 275,056 shares during the quarter. Natixis Advisors LLC owned about 0.14% of Starbucks worth $157,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks in the 4th quarter worth $25,000. Hughes Financial Services LLC acquired a new stake in shares of Starbucks in the 1st quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Starbucks in the 4th quarter worth $32,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Starbucks in the 4th quarter worth $41,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Starbucks in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.8%

Shares of SBUX stock opened at $92.96 on Wednesday. Starbucks Corporation has a 52-week low of $72.72 and a 52-week high of $117.46. The business has a 50-day simple moving average of $91.38 and a 200-day simple moving average of $94.66. The stock has a market cap of $105.64 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 6.48 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Starbucks’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. Starbucks’s dividend payout ratio is presently 88.41%.

Analysts Set New Price Targets

SBUX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. TD Securities reissued a “hold” rating and issued a $90.00 price objective on shares of Starbucks in a research report on Monday, June 23rd. Cowen reissued a “hold” rating on shares of Starbucks in a research report on Tuesday, June 24th. TD Cowen reissued a “hold” rating and issued a $90.00 price objective on shares of Starbucks in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $95.00 price target (up previously from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.58.

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.