Aldebaran Financial Inc. Has $405,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Aldebaran Financial Inc. cut its stake in Starbucks Co. (NASDAQ:SBUX) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,467 shares of the coffee company’s stock after selling 167 shares during the period. Aldebaran Financial Inc.’s holdings in Starbucks were worth $405,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Starbucks during the fourth quarter worth $1,244,812,000. Capital World Investors lifted its position in shares of Starbucks by 20.1% during the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock worth $5,011,796,000 after buying an additional 9,174,682 shares during the last quarter. FMR LLC grew its position in Starbucks by 27.0% in the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock valued at $2,292,989,000 after acquiring an additional 5,348,790 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Starbucks by 167.6% in the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock worth $519,230,000 after acquiring an additional 3,563,942 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $284,283,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SBUX shares. Robert W. Baird reissued a “neutral” rating and issued a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Stifel Nicolaus cut their price target on Starbucks from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Wednesday, April 9th. BMO Capital Markets increased their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $104.79.

Starbucks Price Performance

SBUX opened at $80.68 on Tuesday. The firm’s fifty day moving average price is $98.60 and its two-hundred day moving average price is $98.18. The company has a market capitalization of $91.64 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period last year, the business posted $0.90 earnings per share. As a group, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 3.02%. Starbucks’s payout ratio is currently 78.71%.

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.