Lee Danner & Bass Inc. raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,375 shares of the coffee company’s stock after buying an additional 1,572 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Starbucks were worth $3,640,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. Public Employees Retirement Association of Colorado grew its holdings in shares of Starbucks by 4.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 273,258 shares of the coffee company’s stock worth $15,693,000 after purchasing an additional 12,629 shares in the last quarter. Everence Capital Management Inc. boosted its stake in Starbucks by 13.2% in the 4th quarter. Everence Capital Management Inc. now owns 35,872 shares of the coffee company’s stock valued at $2,060,000 after buying an additional 4,196 shares in the last quarter. Gator Capital Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $574,000. Cpwm LLC boosted its stake in Starbucks by 2.6% in the 4th quarter. Cpwm LLC now owns 789,922 shares of the coffee company’s stock valued at $45,365,000 after buying an additional 20,132 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Starbucks by 22.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 78,147 shares of the coffee company’s stock valued at $4,488,000 after buying an additional 14,497 shares in the last quarter. 72.74% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently commented on SBUX. UBS Group set a $64.00 price target on Starbucks and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research lowered Starbucks from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub raised Starbucks from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $62.03 price target on the stock. in a research note on Wednesday, February 14th. Finally, Mizuho lowered Starbucks from a “buy” rating to a “neutral” rating and boosted their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Twelve analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Starbucks currently has an average rating of “Buy” and a consensus price target of $64.63.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at $58.46 on Friday. The firm has a market capitalization of $82,170.00, a price-to-earnings ratio of 18.68, a PEG ratio of 1.59 and a beta of 0.67. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. research analysts forecast that Starbucks Co. will post 2.49 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. Starbucks’s payout ratio is currently 38.34%.
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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