2,211 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Morningstar Investment Management LLC

Morningstar Investment Management LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,211 shares of the coffee company’s stock, valued at approximately $219,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Starbucks by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 103,852,100 shares of the coffee company’s stock worth $8,750,578,000 after buying an additional 1,486,459 shares during the period. State Street Corp grew its stake in shares of Starbucks by 0.8% during the third quarter. State Street Corp now owns 44,894,257 shares of the coffee company’s stock worth $3,782,790,000 after acquiring an additional 361,614 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Starbucks by 5.8% during the fourth quarter. Fisher Asset Management LLC now owns 10,178,651 shares of the coffee company’s stock valued at $1,009,722,000 after buying an additional 560,149 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Starbucks by 18.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,811,297 shares of the coffee company’s stock valued at $892,535,000 after purchasing an additional 1,531,708 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Starbucks by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 5,362,230 shares of the coffee company’s stock worth $531,933,000 after purchasing an additional 58,667 shares during the last quarter. Institutional investors own 69.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SBUX shares. TD Cowen restated an “outperform” rating and set a $116.00 price target on shares of Starbucks in a research report on Thursday, March 30th. OTR Global raised shares of Starbucks from a “mixed” rating to a “positive” rating in a research report on Monday, April 10th. Stifel Nicolaus raised their price objective on shares of Starbucks from $93.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday, January 30th. StockNews.com initiated coverage on Starbucks in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, 51job reiterated a “maintains” rating on shares of Starbucks in a research note on Wednesday, May 3rd. Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.31.

Starbucks Price Performance

NASDAQ:SBUX traded up $0.71 during trading hours on Friday, reaching $99.15. 2,224,667 shares of the company traded hands, compared to its average volume of 6,092,882. Starbucks Co. has a 1-year low of $70.35 and a 1-year high of $115.48. The stock has a market cap of $113.67 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.72 and a beta of 0.95. The firm’s 50-day moving average is $105.14 and its 200-day moving average is $103.39.

Starbucks (NASDAQ:SBUX – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The coffee company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.43 billion. Starbucks had a negative return on equity of 41.99% and a net margin of 10.46%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts predict that Starbucks Co. will post 3.44 earnings per share for the current year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, May 11th. Starbucks’s dividend payout ratio (DPR) is 68.83%.

Starbucks Company Profile

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Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean.