Loomis Sayles & Co. L P continued to hold its stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,354 shares of the coffee company’s stock at the end of the fourth quarter. Loomis Sayles & Co. L P’s holdings in Starbucks were worth $186,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of SBUX. Buffington Mohr McNeal raised its stake in Starbucks by 0.8% in the third quarter. Buffington Mohr McNeal now owns 2,142 shares of the coffee company’s stock worth $115,000 after buying an additional 17 shares in the last quarter. Fusion Family Wealth LLC purchased a new stake in Starbucks during the fourth quarter worth about $123,000. Cascade Investment Advisors Inc. purchased a new stake in Starbucks during the fourth quarter worth about $131,000. Cornerstone Advisors Inc. raised its stake in Starbucks by 186.0% in the third quarter. Cornerstone Advisors Inc. now owns 2,637 shares of the coffee company’s stock worth $143,000 after buying an additional 1,715 shares in the last quarter. Finally, Stanford Investment Group Inc. raised its stake in Starbucks by 0.3% in the fourth quarter. Stanford Investment Group Inc. now owns 2,576 shares of the coffee company’s stock worth $143,000 after buying an additional 8 shares in the last quarter. Institutional investors own 68.49% of the company’s stock.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at 56.81 on Friday. The company’s 50 day moving average is $56.13 and its 200-day moving average is $55.69. The company has a market capitalization of $82.79 billion, a PE ratio of 29.13 and a beta of 0.79. Starbucks Co. has a 52 week low of $50.84 and a 52 week high of $61.64.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 26th. The coffee company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Starbucks had a return on equity of 51.45% and a net margin of 13.30%. The company earned $5.70 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that Starbucks Co. will post $2.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Thursday, February 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Tuesday, February 7th. Starbucks’s dividend payout ratio is presently 51.28%.
A number of research firms have recently issued reports on SBUX. Robert W. Baird reiterated an “outperform” rating on shares of Starbucks in a research note on Thursday, February 16th. Sanford C. Bernstein set a $65.00 price objective on shares of Starbucks and gave the company a “buy” rating in a research note on Friday, January 27th. Wedbush reiterated an “outperform” rating and set a $65.00 price objective on shares of Starbucks in a research note on Thursday, December 8th. BTIG Research reiterated a “buy” rating and set a $64.00 price objective on shares of Starbucks in a research note on Thursday, December 22nd. Finally, Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, January 10th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.87.
In other news, Director Joshua Cooper Ramo sold 5,868 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $55.23, for a total transaction of $324,089.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.40% of the company’s stock.
Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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