Capital International Inc. CA Acquires 93,576 Shares of Starbucks Co. (NASDAQ:SBUX)

Capital International Inc. CA grew its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 37.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 342,676 shares of the coffee company’s stock after buying an additional 93,576 shares during the quarter. Capital International Inc. CA’s holdings in Starbucks were worth $31,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Life Planners bought a new position in Starbucks in the fourth quarter worth about $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. Collier Financial purchased a new position in shares of Starbucks in the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks during the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC purchased a new stake in Starbucks in the fourth quarter worth approximately $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 0.9 %

Shares of Starbucks stock opened at $81.50 on Friday. The firm has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The business has a 50-day moving average price of $99.25 and a 200-day moving average price of $98.26.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.90 EPS. On average, equities analysts expect that Starbucks Co. will post 2.99 EPS for the current fiscal 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 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 yield of 2.99%. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

Analyst Upgrades and Downgrades

SBUX has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on shares of Starbucks from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Baird R W lowered Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.24.

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.