Commerzbank Aktiengesellschaft FI Grows Stake in Starbucks Corporation $SBUX

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Starbucks Corporation by 160.9% during the second quarter, owning a total of 59,353 shares valued at approximately $5.4 million.
• Starbucks declared a quarterly dividend of $0.62, an increase from the previous $0.61, marking a payout ratio of 105.17%.
• Analysts have recently revised their price targets for Starbucks stock, with estimates ranging between $90.00 and $115.00, supported by a consensus rating of "Moderate Buy."

Commerzbank Aktiengesellschaft FI increased its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 160.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,353 shares of the coffee company's stock after purchasing an additional 36,602 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Starbucks were worth $5,439,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SBUX. Alliance Wealth Advisors LLC boosted its holdings in Starbucks by 2.1% in the second quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company's stock valued at $474,000 after purchasing an additional 108 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in Starbucks by 1.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,293 shares of the coffee company's stock valued at $760,000 after purchasing an additional 117 shares during the last quarter. Diligent Investors LLC boosted its stake in shares of Starbucks by 1.9% during the 2nd quarter. Diligent Investors LLC now owns 6,132 shares of the coffee company's stock worth $562,000 after acquiring an additional 117 shares in the last quarter. Ted Buchan & Co boosted its stake in shares of Starbucks by 1.5% during the 1st quarter. Ted Buchan & Co now owns 8,066 shares of the coffee company's stock worth $791,000 after acquiring an additional 120 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. boosted its stake in shares of Starbucks by 3.5% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 3,561 shares of the coffee company's stock worth $349,000 after acquiring an additional 122 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Down 0.3%

SBUX stock opened at $79.78 on Friday. The company has a market cap of $90.69 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.95 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 firm has a 50-day moving average of $86.65 and a two-hundred day moving average of $88.14.

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

Starbucks Increases Dividend

The company 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 $0.62 dividend. This is a positive change from Starbucks's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.1%. Starbucks's dividend payout ratio is currently 105.17%.

Analysts Set New Price Targets

SBUX has been the topic of several recent analyst reports. BMO Capital Markets reissued an "outperform" rating and set a $115.00 target price (up from $100.00) on shares of Starbucks in a research note on Wednesday, July 30th. Guggenheim increased their target price on shares of Starbucks from $79.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their target price on shares of Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays increased their target price on shares of Starbucks from $106.00 to $115.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 target price (up from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $104.00.

Starbucks Company 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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