7,310 Shares in Starbucks Corporation $SBUX Acquired by Alpha Family Trust

Key Points

• Alpha Family Trust acquired a new position in Starbucks, purchasing 7,310 shares valued at approximately $717,000 during the first quarter.
• Starbucks reported earnings per share (EPS) of $0.50 for the last quarter, missing estimates by $0.14, while revenue was up 3.8% year-over-year to $9.46 billion.
• The company announced a quarterly dividend of $0.61 per share, which will be paid to investors of record on August 15, representing a yield of 2.7%.

Alpha Family Trust bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,310 shares of the coffee company's stock, valued at approximately $717,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors acquired a new position in shares of Starbucks in the fourth quarter valued at approximately $285,000. Czech National Bank grew its holdings in Starbucks by 6.2% during the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock worth $25,591,000 after acquiring an additional 15,132 shares during the period. Personal CFO Solutions LLC grew its holdings in Starbucks by 125.5% during the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after acquiring an additional 5,151 shares during the period. Norden Group LLC grew its holdings in Starbucks by 66.1% during the first quarter. Norden Group LLC now owns 30,219 shares of the coffee company's stock worth $2,964,000 after acquiring an additional 12,027 shares during the period. Finally, Graybill Wealth Management LTD. acquired a new position in Starbucks during the first quarter worth $4,314,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SBUX shares. Royal Bank Of Canada boosted their target price on Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Loop Capital set a $165.00 price objective on Starbucks in a research report on Tuesday, August 12th. TD Cowen upped their price objective on Starbucks from $90.00 to $95.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. Citigroup dropped their target price 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, UBS Group upped their target price on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Starbucks currently has an average rating of "Hold" and a consensus target price of $103.65.

Starbucks Trading Down 2.6%

Shares of SBUX opened at $90.60 on Monday. The firm has a market cap of $102.99 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 5.32 and a beta of 1.02. The stock has a 50 day moving average of $92.80 and a 200-day moving average of $93.99. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings data 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 net margin of 7.18% and a negative return on equity of 36.23%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a yield of 2.7%. Starbucks's payout ratio is currently 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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