Kapitalo Investimentos Ltda Invests $32,000 in Starbucks Co. (NASDAQ:SBUX)

Kapitalo Investimentos Ltda purchased a new position in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, HoldingsChannel reports. The firm purchased 349 shares of the coffee company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Starbucks in the fourth quarter worth $1,244,812,000. Capital World Investors lifted its holdings in shares of Starbucks by 20.1% in the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock worth $5,011,796,000 after acquiring an additional 9,174,682 shares during the last quarter. FMR LLC boosted its stake in shares of Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares during the period. Capital Research Global Investors grew its holdings in Starbucks by 167.6% during the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock valued at $519,230,000 after purchasing an additional 3,563,942 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Starbucks in the 4th quarter worth about $284,283,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SBUX. JPMorgan Chase & Co. cut their target price on Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup reduced their target price on Starbucks from $88.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday. TD Securities lowered their target price on shares of Starbucks from $102.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, BMO Capital Markets decreased their price objective on shares of Starbucks from $115.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.15.

Starbucks Stock Up 2.4 %

NASDAQ:SBUX opened at $82.01 on Friday. The firm has a 50 day moving average of $93.82 and a 200 day moving average of $97.45. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $93.16 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts expect that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.98%. Starbucks’s payout ratio is 78.71%.

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.