Farmers & Merchants Investments Inc. Acquires 4,924 Shares of Starbucks Corporation $SBUX

Farmers & Merchants Investments Inc. raised its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,290 shares of the coffee company's stock after acquiring an additional 4,924 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Starbucks were worth $12,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Napa Wealth Management bought a new position in Starbucks in the 1st quarter valued at $1,435,000. Czech National Bank grew its position in shares of Starbucks by 6.2% during the 1st quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock worth $25,591,000 after buying an additional 15,132 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Starbucks by 125.5% during the 1st quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after purchasing an additional 5,151 shares during the last quarter. First Manhattan CO. LLC. lifted its stake in shares of Starbucks by 33.1% during the 1st quarter. First Manhattan CO. LLC. now owns 446,294 shares of the coffee company's stock worth $43,777,000 after purchasing an additional 111,015 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Starbucks during the 1st quarter worth $998,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

SBUX has been the subject of a number of analyst reports. Guggenheim upped their price objective on Starbucks from $79.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price target (up from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. BMO Capital Markets reiterated an "outperform" rating and issued a $115.00 price target (up from $100.00) on shares of Starbucks in a research note on Wednesday, July 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $95.00 price target (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Finally, TD Cowen increased their price target on Starbucks from $90.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $104.40.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $84.56 on Monday. The business's 50 day moving average price is $89.34 and its 200-day moving average price is $89.48. The firm has a market capitalization of $96.12 billion, a PE ratio of 36.45, a P/E/G ratio of 5.05 and a beta of 1.00. 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 released its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period last year, the firm posted $0.93 EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis. As a group, 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 was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, August 15th. This represents a $2.44 annualized dividend and a yield of 2.9%. Starbucks's dividend payout ratio is 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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