OMERS ADMINISTRATION Corp Buys 2,681 Shares of Starbucks Co. (NASDAQ:SBUX)

OMERS ADMINISTRATION Corp boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,258 shares of the coffee company’s stock after acquiring an additional 2,681 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Starbucks were worth $4,312,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SBUX. Norges Bank bought a new stake in Starbucks in the fourth quarter valued at approximately $1,244,812,000. Capital World Investors lifted its stake in Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the period. FMR LLC lifted its stake in Starbucks by 27.0% in the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after buying an additional 5,348,790 shares during the period. Capital Research Global Investors lifted its stake in Starbucks by 167.6% in the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock valued at $519,230,000 after buying an additional 3,563,942 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Starbucks in the fourth quarter valued at approximately $284,283,000. 72.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. StockNews.com raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. TD Securities decreased their price objective on Starbucks from $102.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, UBS Group decreased their price objective on Starbucks from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.72.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $86.88 on Wednesday. The company has a market capitalization of $98.73 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The business has a fifty day moving average price of $89.11 and a two-hundred day moving average price of $96.73. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

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

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 2.81%. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

Starbucks Profile

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.