Charles Schwab Investment Management Inc. Raises Stake in Starbucks Co. (NASDAQ:SBUX)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,027,953 shares of the coffee company’s stock after acquiring an additional 27,496 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Starbucks were worth $948,093,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Willow Creek Wealth Management Inc. raised its holdings in Starbucks by 3.0% in the third quarter. Willow Creek Wealth Management Inc. now owns 3,305 shares of the coffee company’s stock worth $302,000 after buying an additional 97 shares during the last quarter. Valley Brook Capital Group Inc. raised its holdings in Starbucks by 2.4% in the third quarter. Valley Brook Capital Group Inc. now owns 4,200 shares of the coffee company’s stock worth $383,000 after buying an additional 100 shares during the last quarter. Charles Schwab Investment Advisory Inc. raised its holdings in Starbucks by 4.6% in the third quarter. Charles Schwab Investment Advisory Inc. now owns 2,260 shares of the coffee company’s stock worth $206,000 after buying an additional 100 shares during the last quarter. Herold Advisors Inc. raised its holdings in Starbucks by 4.3% in the third quarter. Herold Advisors Inc. now owns 2,422 shares of the coffee company’s stock worth $221,000 after buying an additional 100 shares during the last quarter. Finally, Rodgers Brothers Inc. raised its holdings in Starbucks by 1.2% in the third quarter. Rodgers Brothers Inc. now owns 8,269 shares of the coffee company’s stock worth $755,000 after buying an additional 100 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SBUX has been the subject of several recent analyst reports. Guggenheim decreased their target price on shares of Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Starbucks from $100.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Stifel Nicolaus reduced their price target on shares of Starbucks from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Barclays reduced their price target on shares of Starbucks from $116.00 to $112.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Finally, DZ Bank lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Friday, May 3rd. Seventeen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $96.43.

Starbucks Stock Up 2.0 %

NASDAQ:SBUX traded up $1.43 during trading hours on Wednesday, hitting $73.93. 14,064,902 shares of the stock traded hands, compared to its average volume of 9,748,359. Starbucks Co. has a 1 year low of $71.80 and a 1 year high of $108.11. The company has a market cap of $83.74 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The stock has a 50 day moving average price of $88.03 and a 200 day moving average price of $93.53.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share 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 firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the prior year, the firm earned $0.74 EPS. Starbucks’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts forecast that Starbucks Co. will post 3.63 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

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 issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Insider Transactions at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 7,250 shares of company stock valued at $651,738. 1.98% of the stock is currently owned by corporate insiders.

About Starbucks

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.