Starbucks Co. (NASDAQ:SBUX) Stake Raised by USS Investment Management Ltd

USS Investment Management Ltd increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 147.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 244,516 shares of the coffee company’s stock after buying an additional 145,516 shares during the quarter. USS Investment Management Ltd’s holdings in Starbucks were worth $22,317,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Starbucks during the 4th quarter worth $25,000. Graney & King LLC acquired a new position in Starbucks during the 4th quarter worth $26,000. Collier Financial bought a new stake in Starbucks during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of Starbucks in the fourth quarter worth about $30,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. UBS Group lowered their target price on shares of Starbucks from $105.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Starbucks in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.72.

Starbucks Stock Down 1.1%

Shares of NASDAQ:SBUX opened at $84.61 on Tuesday. The firm has a market cap of $96.15 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company’s fifty day simple moving average is $87.87 and its 200 day simple moving average is $96.39.

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

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.88%. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

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.