Creekmur Asset Management LLC Has $898,000 Holdings in Starbucks Corporation (NASDAQ:SBUX)

Creekmur Asset Management LLC grew its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 22,797.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,159 shares of the coffee company's stock after purchasing an additional 9,119 shares during the period. Creekmur Asset Management LLC's holdings in Starbucks were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SBUX. TrinityPoint Wealth LLC raised its position in Starbucks by 2.7% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after purchasing an additional 89 shares during the period. Pioneer Trust Bank N A OR raised its position in Starbucks by 0.8% in the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company's stock worth $1,032,000 after purchasing an additional 92 shares during the period. Gamco Investors INC. ET AL raised its position in Starbucks by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after purchasing an additional 97 shares during the period. Foster Dykema Cabot & Partners LLC raised its position in Starbucks by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company's stock worth $93,000 after purchasing an additional 97 shares during the period. Finally, Taurus Asset Management LLC raised its position in Starbucks by 0.5% in the 4th quarter. Taurus Asset Management LLC now owns 21,895 shares of the coffee company's stock worth $1,998,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ SBUX opened at $93.39 on Friday. The company has a market capitalization of $106.13 billion, a PE ratio of 33.88, a P/E/G ratio of 4.74 and a beta of 1.02. The company has a fifty day moving average of $89.95 and a 200 day moving average of $94.54. Starbucks Corporation has a 1 year low of $72.73 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. Research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.61%. Starbucks's dividend payout ratio (DPR) is presently 88.41%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBUX. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Citigroup reissued a "neutral" rating and set a $100.00 price objective (up from $95.00) on shares of Starbucks in a report on Monday. Barclays cut their price objective on shares of Starbucks from $108.00 to $106.00 and set an "overweight" rating on the stock in a report on Thursday. Jefferies Financial Group lowered shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 price objective on the stock. in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.85.

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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