16,732 Shares in Starbucks Co. (NASDAQ:SBUX) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,732 shares of the coffee company’s stock, valued at approximately $1,527,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Starbucks in the 4th quarter worth about $62,000. Arizona State Retirement System boosted its stake in shares of Starbucks by 0.8% in the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after acquiring an additional 2,722 shares during the last quarter. West Michigan Advisors LLC acquired a new stake in shares of Starbucks in the fourth quarter worth approximately $265,000. Wernau Asset Management Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth approximately $258,000. Finally, OFI Invest Asset Management acquired a new position in Starbucks in the 4th quarter valued at $9,497,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Up 1.4%

Shares of SBUX opened at $86.88 on Wednesday. The firm has a market cap of $98.73 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The company’s 50-day moving average price is $89.11 and its 200 day moving average price is $96.73. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its 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). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the company posted $0.68 EPS. Starbucks’s revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

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 given a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.81%. Starbucks’s dividend payout ratio is presently 88.41%.

Wall Street Analysts Forecast Growth

SBUX has been the topic of several recent research reports. Barclays lowered their target price on shares of Starbucks from $106.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird restated a “neutral” rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. TD Securities dropped their price objective on shares of Starbucks from $102.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Starbucks has an average rating of “Moderate Buy” and a consensus price target of $98.72.

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.