Starbucks Co. (NASDAQ:SBUX) Shares Purchased by Charles Schwab Investment Advisory Inc.

Charles Schwab Investment Advisory Inc. raised its position in Starbucks Co. (NASDAQ:SBUX) by 6.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,404 shares of the coffee company’s stock after buying an additional 144 shares during the quarter. Charles Schwab Investment Advisory Inc.’s holdings in Starbucks were worth $231,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SBUX. Vanguard Group Inc. grew its stake in shares of Starbucks by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock worth $9,756,001,000 after purchasing an additional 387,632 shares during the period. Northern Trust Corp grew its position in Starbucks by 1.5% during the third quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after buying an additional 232,031 shares during the period. Fisher Asset Management LLC increased its holdings in Starbucks by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 11,367,331 shares of the coffee company’s stock valued at $1,091,378,000 after buying an additional 268,030 shares in the last quarter. Invesco Ltd. increased its holdings in Starbucks by 11.8% in the third quarter. Invesco Ltd. now owns 10,541,739 shares of the coffee company’s stock valued at $962,144,000 after buying an additional 1,115,051 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Starbucks by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,027,953 shares of the coffee company’s stock valued at $948,093,000 after acquiring an additional 27,496 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Down 0.5 %

Shares of SBUX traded down $0.40 during mid-day trading on Tuesday, reaching $72.50. The company had a trading volume of 21,888,790 shares, compared to its average volume of 9,714,714. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $108.12. The firm has a fifty day simple moving average of $88.03 and a 200-day simple moving average of $93.53. The stock has a market cap of $82.12 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the business posted $0.74 EPS. Starbucks’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that Starbucks Co. will post 3.63 EPS for the current fiscal year.

Starbucks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s payout ratio is currently 62.81%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Starbucks from a “buy” rating to a “hold” rating and dropped their price objective for the company from $108.00 to $89.00 in a research note on Wednesday, May 1st. Guggenheim cut their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 19th. DZ Bank cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price objective on the stock. in a research note on Friday. Jefferies Financial Group dropped their target price on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Finally, Morgan Stanley reduced their price target on shares of Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Seventeen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Hold” and an average price target of $96.43.

Insider Buying and Selling

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.39, for a total transaction of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is currently owned by corporate 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.