Starbucks Corporation (SBUX) Holdings Lifted by Janus Henderson Group PLC
Janus Henderson Group PLC boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 3,076.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,889,820 shares of the coffee company’s stock after buying an additional 13,452,551 shares during the quarter. Starbucks accounts for approximately 0.6% of Janus Henderson Group PLC’s portfolio, making the stock its 24th largest holding. Janus Henderson Group PLC owned 0.96% of Starbucks worth $809,917,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC grew its position in shares of Starbucks by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after purchasing an additional 50 shares during the last quarter. Gradient Investments LLC grew its position in shares of Starbucks by 2.5% in the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after purchasing an additional 46 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Starbucks by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after purchasing an additional 187 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Starbucks in the second quarter valued at approximately $128,000. Institutional investors own 71.07% of the company’s stock.
Several analysts have recently commented on the stock. Credit Suisse Group lowered their price target on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $67.00 price objective on shares of Starbucks in a research note on Wednesday, August 23rd. Deutsche Bank reissued a “buy” rating and set a $67.00 price objective on shares of Starbucks in a research note on Monday, October 9th. BMO Capital Markets reissued a “hold” rating on shares of Starbucks in a research note on Thursday, October 5th. Finally, OTR Global raised shares of Starbucks to a “positive” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $63.26.
Starbucks Corporation (NASDAQ:SBUX) opened at $59.28 on Thursday. Starbucks Corporation has a one year low of $52.58 and a one year high of $64.87. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The company has a market cap of $84,428.95, a price-to-earnings ratio of 28.67, a PEG ratio of 1.62 and a beta of 0.75.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts forecast that Starbucks Corporation will post 2.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, November 15th. This is an increase from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s dividend payout ratio (DPR) is currently 60.91%.
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Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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