3,273 Shares in Starbucks Corporation $SBUX Bought by Silver Oak Advisory Group Inc.

Key Points

• Silver Oak Advisory Group Inc. acquired a new position in Starbucks Corporation, purchasing 3,273 shares valued at approximately $299,000 during the second quarter.
• Starbucks recently declared a quarterly dividend of $0.62 per share, an increase from the previous $0.61, with a dividend yield of 2.9%.
• The company's latest earnings report showed an EPS of $0.50, missing analysts' estimates of $0.64, while revenue increased by 3.8% year-over-year.

Silver Oak Advisory Group Inc. bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,273 shares of the coffee company's stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Game Plan Financial Advisors LLC bought a new stake in Starbucks in the 2nd quarter valued at $25,000. Hughes Financial Services LLC bought a new stake in Starbucks in the 1st quarter valued at $27,000. Chelsea Counsel Co. bought a new stake in Starbucks in the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC increased its holdings in Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company's stock valued at $28,000 after buying an additional 159 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new stake in Starbucks in the 1st quarter valued at $29,000. Institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SBUX. CICC Research began coverage on shares of Starbucks in a research note on Monday, June 30th. They issued an "outperform" rating and a $100.00 target price on the stock. Piper Sandler set a $105.00 target price on shares of Starbucks and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on shares of Starbucks from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group set a $94.00 target price on shares of Starbucks and gave the company a "neutral" rating in a research note on Tuesday. Finally, Jefferies Financial Group downgraded shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 target price on the stock. in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.80.

Starbucks Trading Down 0.1%

Shares of NASDAQ:SBUX opened at $85.42 on Thursday. The stock has a market capitalization of $97.10 billion, a P/E ratio of 36.81, a P/E/G ratio of 4.31 and a beta of 1.01. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The business has a 50-day moving average price of $85.25 and a two-hundred day moving average price of $87.39.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the previous year, the company posted $0.93 earnings per share. Starbucks's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. This is an increase from Starbucks's previous quarterly dividend of $0.61. Starbucks's dividend payout ratio (DPR) is 105.17%.

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.

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