Starbucks Co. (NASDAQ:SBUX) Stock Position Raised by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its holdings in Starbucks Co. (NASDAQ:SBUX - Free Report) by 28.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,608 shares of the coffee company's stock after acquiring an additional 7,197 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Starbucks were worth $3,199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC purchased a new stake in Starbucks in the 4th quarter valued at approximately $26,000. Collier Financial purchased a new stake in Starbucks in the 4th quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Baird R W downgraded Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. TD Securities reissued a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a research report on Thursday, May 29th. Cowen lowered shares of Starbucks from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their price objective on Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $97.92.

Starbucks Trading Up 1.7%

SBUX stock traded up $1.41 during trading hours on Tuesday, hitting $86.60. 8,284,436 shares of the stock traded hands, compared to its average volume of 11,097,403. The stock has a 50-day simple moving average of $85.28 and a 200 day simple moving average of $95.46. The company has a market cap of $98.41 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Friday, May 16th. Starbucks's dividend payout ratio is 88.41%.

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.