4,946 Shares in Starbucks Corporation (NASDAQ:SBUX) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC purchased 4,946 shares of Starbucks, valued at approximately $485,000, as part of its new position in the company during the first quarter.
• Starbucks reported a quarterly EPS of $0.50, missing the estimated $0.64, but showed an increase in revenue to $9.46 billion, up 3.8% year-over-year.
• The company announced a quarterly dividend of $0.61 per share, with an annual yield of 2.6%, and a dividend payout ratio of 105.17%.

Fiduciary Family Office LLC acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,946 shares of the coffee company's stock, valued at approximately $485,000.

Other hedge funds have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Hughes Financial Services LLC purchased a new stake in shares of Starbucks during the 1st quarter worth $27,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Starbucks during the 1st quarter worth $29,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Starbucks during the 4th quarter worth $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Starbucks during the 4th quarter worth $41,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Trading Up 1.2%

Shares of SBUX opened at $92.12 on Friday. Starbucks Corporation has a 12 month low of $74.75 and a 12 month high of $117.46. The stock's 50 day moving average is $92.27 and its two-hundred day moving average is $94.39. The firm has a market cap of $104.71 billion, a P/E ratio of 39.71, a PEG ratio of 5.25 and a beta of 1.02.

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

Starbucks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is presently 105.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays increased their price target on Starbucks from $106.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler set a $105.00 price target on Starbucks and gave the company an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Citigroup decreased their price target on Starbucks from $100.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Finally, TD Cowen increased their price target on Starbucks from $90.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $101.27.

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.

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