Hsbc Holdings PLC Increases Holdings in Starbucks Co. (NASDAQ:SBUX)

Hsbc Holdings PLC grew its stake in Starbucks Co. (NASDAQ:SBUX) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,905,602 shares of the coffee company’s stock after acquiring an additional 147,376 shares during the quarter. Hsbc Holdings PLC’s holdings in Starbucks were worth $264,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC acquired a new stake in Starbucks during the fourth quarter worth $26,000. Collier Financial purchased a new stake in Starbucks in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks during the 4th quarter worth $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 1.0 %

SBUX stock opened at $80.68 on Tuesday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The business has a 50 day moving average price of $98.60 and a 200 day moving average price of $98.18. The stock has a market cap of $91.64 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 quarter last year, the company posted $0.90 EPS. As a group, sell-side analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

Starbucks Dividend Announcement

The company also recently declared 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. This represents a $2.44 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, May 16th. Starbucks’s dividend payout ratio (DPR) is 78.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBUX shares. Citigroup reduced their price target on shares of Starbucks from $100.00 to $88.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Wedbush raised their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.79.

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.