2,442 Shares in Starbucks Co. (NASDAQ:SBUX) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,442 shares of the coffee company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of SBUX. Vanguard Group Inc. increased its stake in shares of Starbucks by 0.4% in the third quarter. Vanguard Group Inc. now owns 106,891,648 shares of the coffee company’s stock valued at $9,756,001,000 after purchasing an additional 387,632 shares during the period. State Street Corp increased its position in Starbucks by 0.3% in the 1st quarter. State Street Corp now owns 44,120,185 shares of the coffee company’s stock valued at $4,594,235,000 after acquiring an additional 135,644 shares during the period. Morgan Stanley raised its stake in Starbucks by 46.3% during the 4th quarter. Morgan Stanley now owns 26,718,368 shares of the coffee company’s stock valued at $2,650,462,000 after acquiring an additional 8,451,599 shares in the last quarter. Northern Trust Corp boosted its position in Starbucks by 1.5% during the 3rd quarter. Northern Trust Corp now owns 15,217,752 shares of the coffee company’s stock worth $1,388,924,000 after acquiring an additional 232,031 shares during the period. Finally, Norges Bank bought a new position in shares of Starbucks in the fourth quarter worth $1,222,931,000. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $110.00 price target on shares of Starbucks in a research note on Wednesday, January 31st. StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Tuesday, January 16th. TD Cowen dropped their price target on shares of Starbucks from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. Finally, Morgan Stanley upgraded shares of Starbucks from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $112.00 to $120.00 in a research report on Tuesday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Starbucks currently has a consensus rating of “Hold” and a consensus price target of $109.24.

Insider Buying and Selling at Starbucks

In other news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 4,000 shares of company stock worth $375,665. Corporate insiders own 1.98% of the company’s stock.

Starbucks Trading Up 0.4 %

SBUX stock opened at $87.19 on Tuesday. The firm has a market cap of $98.72 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The stock has a 50-day moving average price of $92.45 and a 200-day moving average price of $94.79. Starbucks Co. has a 1-year low of $86.36 and a 1-year high of $115.48.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, analysts forecast that Starbucks Co. will post 4.05 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.61%. Starbucks’s dividend payout ratio (DPR) is currently 60.96%.

Starbucks Company 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.