DRW Securities LLC Takes Position in Starbucks Corporation $SBUX

Key Points

• DRW Securities LLC acquired a new stake of 8,728 shares in Starbucks Corporation, valued at approximately $855,000, during the first quarter of the year.
• Analysts have given Starbucks a consensus rating of "Moderate Buy", with several raising their target prices; Bank of America elevated theirs from $101 to $110.
• Starbucks announced a quarterly dividend of $0.61 per share, representing an annual yield of 2.8%, despite a high dividend payout ratio of 105.17%.

DRW Securities LLC bought a new stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,728 shares of the coffee company's stock, valued at approximately $855,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Capital Wealth Advisors bought a new position in Starbucks in the fourth quarter worth approximately $285,000. Napa Wealth Management bought a new stake in Starbucks during the 1st quarter valued at $1,435,000. Czech National Bank boosted its position in Starbucks by 6.2% during the 1st quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock valued at $25,591,000 after acquiring an additional 15,132 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Starbucks by 125.5% during the 1st quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock valued at $908,000 after acquiring an additional 5,151 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Starbucks during the 1st quarter valued at $998,000. Institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on SBUX shares. Bank of America increased their target price on Starbucks from $101.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 18th. TD Cowen increased their price objective on Starbucks from $90.00 to $95.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Baird R W upgraded Starbucks from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their price objective on Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Guggenheim increased their price objective on Starbucks from $79.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and a consensus target price of $104.40.

Starbucks Price Performance

Shares of SBUX stock opened at $88.19 on Monday. The firm has a market capitalization of $100.25 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 5.23 and a beta of 1.00. The business has a fifty day moving average of $91.96 and a 200 day moving average of $92.42. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results 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). The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. As a group, equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.61 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a yield of 2.8%. Starbucks's dividend payout ratio (DPR) is 105.17%.

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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