Arlington Financial Advisors LLC Has $3.36 Million Position in Starbucks Corporation $SBUX

Key Points

• Arlington Financial Advisors LLC increased its stake in Starbucks Corporation by 9.7%, now holding a total of 36,664 shares valued at approximately $3.36 million.
• Starbucks reported a Q2 earnings per share (EPS) of $0.50, missing estimates and experiencing a decline from last year's $0.93 EPS, despite revenue growth.
• The company announced a dividend increase to $0.62 per share, with a payout ratio of 105.17%, and a yield of 3.1% based on the annualized dividend.

Arlington Financial Advisors LLC increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,664 shares of the coffee company's stock after buying an additional 3,254 shares during the quarter. Arlington Financial Advisors LLC's holdings in Starbucks were worth $3,360,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SBUX. Game Plan Financial Advisors LLC acquired a new stake in Starbucks during the second quarter worth approximately $25,000. Chelsea Counsel Co. acquired a new stake in shares of Starbucks in the 2nd quarter valued at $26,000. Hughes Financial Services LLC acquired a new stake in shares of Starbucks in the 1st quarter valued at $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 159 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Starbucks in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Up 1.4%

Shares of NASDAQ:SBUX opened at $81.15 on Wednesday. The firm has a market cap of $92.24 billion, a P/E ratio of 34.98, a P/E/G ratio of 3.97 and a beta of 1.01. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The business has a fifty day simple moving average of $86.11 and a 200 day simple moving average of $87.70.

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

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given 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 yield of 3.1%. This is an increase from Starbucks's previous quarterly dividend of $0.61. Starbucks's dividend payout ratio is 105.17%.

Analyst Ratings Changes

A number of brokerages have weighed in on SBUX. JPMorgan Chase & Co. raised their target price on Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Zacks Research raised Starbucks from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 1st. Stifel Nicolaus raised their target price on Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 11th. BMO Capital Markets reissued an "outperform" rating and set a $115.00 price objective (up previously from $100.00) on shares of Starbucks in a report on Wednesday, July 30th. Finally, Cowen reissued a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.96.

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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