National Bank of Canada FI Acquires 803,853 Shares of Starbucks Co. (NASDAQ:SBUX)

National Bank of Canada FI increased its stake in Starbucks Co. (NASDAQ:SBUX) by 74.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,884,183 shares of the coffee company’s stock after buying an additional 803,853 shares during the quarter. National Bank of Canada FI owned 0.17% of Starbucks worth $176,487,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SBUX. TCG Advisory Services LLC raised its stake in Starbucks by 200.8% in the 4th quarter. TCG Advisory Services LLC now owns 13,146 shares of the coffee company’s stock valued at $1,262,000 after acquiring an additional 8,775 shares during the period. Forte Capital LLC ADV lifted its stake in shares of Starbucks by 21.4% during the 4th quarter. Forte Capital LLC ADV now owns 7,843 shares of the coffee company’s stock valued at $753,000 after buying an additional 1,381 shares in the last quarter. First National Trust Co boosted its holdings in Starbucks by 2.2% in the 4th quarter. First National Trust Co now owns 5,033 shares of the coffee company’s stock worth $483,000 after buying an additional 106 shares during the period. AJOVista LLC purchased a new position in Starbucks in the 4th quarter valued at approximately $152,000. Finally, Blue Fin Capital Inc. bought a new stake in Starbucks during the 4th quarter valued at $202,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 2.4 %

Shares of SBUX stock traded down $1.82 during mid-day trading on Friday, reaching $73.11. The stock had a trading volume of 22,153,770 shares, compared to its average volume of 12,042,146. The firm has a market capitalization of $82.81 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. The stock’s 50-day moving average price is $88.89 and its two-hundred day moving average price is $93.84. Starbucks Co. has a 52-week low of $72.67 and a 52-week high of $108.12.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. On average, equities research analysts forecast that Starbucks Co. will post 3.69 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.57 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a dividend yield of 3.12%. Starbucks’s dividend payout ratio is 62.81%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wedbush cut their price target on shares of Starbucks from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, April 26th. DZ Bank lowered Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a research note on Friday. Gordon Haskett lowered Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, January 16th. HSBC dropped their price target on Starbucks from $107.00 to $84.00 and set a “hold” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Starbucks from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $108.00 to $89.00 in a research report on Wednesday. Seventeen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $97.09.

Insider Activity at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 7,250 shares of company stock worth $651,738 over the last 90 days. 1.98% of the stock is owned by company insiders.

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.