Schroder Investment Management Group Raises Stake in Starbucks Co. (NASDAQ:SBUX)

Schroder Investment Management Group boosted its position in Starbucks Co. (NASDAQ:SBUXFree Report) by 54.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 649,137 shares of the coffee company’s stock after acquiring an additional 227,764 shares during the period. Schroder Investment Management Group owned 0.06% of Starbucks worth $62,324,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBUX. NCM Capital Management LLC bought a new position in Starbucks during the fourth quarter valued at approximately $206,000. AdvisorShares Investments LLC grew its position in Starbucks by 370.4% during the 4th quarter. AdvisorShares Investments LLC now owns 5,273 shares of the coffee company’s stock worth $506,000 after acquiring an additional 4,152 shares during the last quarter. CenterBook Partners LP increased its stake in Starbucks by 32.5% in the 4th quarter. CenterBook Partners LP now owns 29,930 shares of the coffee company’s stock worth $2,874,000 after purchasing an additional 7,343 shares during the period. Platform Technology Partners lifted its position in Starbucks by 15.7% in the fourth quarter. Platform Technology Partners now owns 16,938 shares of the coffee company’s stock valued at $1,617,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of Starbucks by 108.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 957,281 shares of the coffee company’s stock worth $91,909,000 after purchasing an additional 497,360 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value 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 disclosure for this sale can be found here. Insiders have sold 7,750 shares of company stock valued at $642,050 over the last ninety days. Company insiders own 1.98% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX traded down $0.04 during trading on Friday, hitting $81.43. The company’s stock had a trading volume of 10,852,600 shares, compared to its average volume of 11,292,614. Starbucks Co. has a fifty-two week low of $71.80 and a fifty-two week high of $107.66. The company has a market cap of $92.24 billion, a PE ratio of 22.43, a P/E/G ratio of 1.77 and a beta of 0.96. The business’s 50 day simple moving average is $81.85 and its 200-day simple moving average is $90.17.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts expect that Starbucks Co. will post 3.59 EPS for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.80%. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SBUX shares. DZ Bank downgraded shares of 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, May 3rd. Jefferies Financial Group decreased their price target on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. William Blair lowered Starbucks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 1st. BTIG Research cut their price objective on shares of Starbucks from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Morgan Stanley dropped their price target on Starbucks from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Seventeen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $96.43.

View Our Latest Stock Report on Starbucks

Starbucks Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUXFree Report).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.