Grantham Mayo Van Otterloo & Co. LLC Grows Position in Starbucks Co. (NASDAQ:SBUX)

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,230 shares of the coffee company’s stock after buying an additional 678 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Starbucks were worth $1,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SBUX. Nomura Asset Management Co. Ltd. boosted its holdings in Starbucks by 7.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 385,048 shares of the coffee company’s stock worth $37,538,000 after purchasing an additional 26,672 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Starbucks by 18.6% in the 3rd quarter. Continuum Advisory LLC now owns 8,680 shares of the coffee company’s stock worth $861,000 after buying an additional 1,364 shares during the last quarter. Executive Wealth Management LLC bought a new stake in shares of Starbucks in the third quarter worth $334,000. Conway Capital Management Inc. purchased a new stake in Starbucks during the third quarter valued at $3,118,000. Finally, Vestcor Inc lifted its holdings in Starbucks by 5.0% in the third quarter. Vestcor Inc now owns 22,316 shares of the coffee company’s stock valued at $2,176,000 after acquiring an additional 1,054 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 0.4 %

Shares of Starbucks stock opened at $79.69 on Wednesday. The firm has a market cap of $90.52 billion, a price-to-earnings ratio of 25.71, 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 $103.92 and a 200-day moving average price of $99.04.

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 3.06%. Starbucks’s dividend payout ratio (DPR) is currently 78.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBUX shares. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Stifel Nicolaus boosted 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. Baird R W downgraded shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.12.

Starbucks 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.