Raiffeisen Bank International AG Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Raiffeisen Bank International AG acquired a new stake in Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,841 shares of the coffee company’s stock, valued at approximately $710,000.

A number of other hedge funds have also made changes to their positions in the stock. Pioneer Trust Bank N A OR grew its holdings in Starbucks by 0.8% during the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company’s stock worth $1,032,000 after acquiring an additional 92 shares during the period. Wintrust Investments LLC raised its holdings in shares of Starbucks by 7.1% in the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock worth $128,000 after purchasing an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel lifted its stake in Starbucks by 2.3% during the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after purchasing an additional 96 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in Starbucks by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company’s stock worth $93,000 after buying an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Starbucks by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company’s stock worth $261,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $85.57 on Friday. The business has a 50 day simple moving average of $88.15 and a 200 day simple moving average of $96.50. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market cap of $97.24 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.85%. Starbucks’s dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Wednesday, April 9th. Citigroup reduced their target price on Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. TD Securities cut their price objective on Starbucks from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, StockNews.com upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, May 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.72.

About Starbucks

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.