Starbucks Co. (NASDAQ:SBUX) Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,479 shares of the coffee company’s stock after selling 4,026 shares during the period. Groupama Asset Managment’s holdings in Starbucks were worth $859,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SBUX. Ascent Group LLC boosted its holdings in Starbucks by 7.3% in the 3rd quarter. Ascent Group LLC now owns 12,527 shares of the coffee company’s stock valued at $1,221,000 after purchasing an additional 847 shares during the last quarter. Janus Henderson Group PLC grew its position in Starbucks by 12.0% in the third quarter. Janus Henderson Group PLC now owns 181,612 shares of the coffee company’s stock worth $17,713,000 after acquiring an additional 19,406 shares during the period. Investment Management Corp of Ontario increased its stake in Starbucks by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after acquiring an additional 12,300 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in shares of Starbucks by 19.4% in the 3rd quarter. Ingalls & Snyder LLC now owns 7,804 shares of the coffee company’s stock valued at $761,000 after purchasing an additional 1,270 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Starbucks by 49.4% during the 3rd quarter. IHT Wealth Management LLC now owns 25,459 shares of the coffee company’s stock worth $2,480,000 after purchasing an additional 8,421 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $99.41 on Thursday. The stock’s 50-day moving average is $105.84 and its two-hundred day moving average is $99.54. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46. The firm has a market cap of $112.92 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the business earned $0.90 EPS. As a group, research analysts predict that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

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 given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.45%. Starbucks’s payout ratio is currently 78.71%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SBUX shares. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Tuesday, March 18th. UBS Group boosted their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wedbush raised their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Company 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.