GW Henssler & Associates Ltd. Buys Shares of 146,124 Starbucks Corporation $SBUX

Key Points

• GW Henssler & Associates Ltd. acquired a new stake in Starbucks Corporation, purchasing 146,124 shares valued at approximately $13.39 million in the 2nd quarter.
• Starbucks recently reported $0.50 earnings per share for the last quarter, which missed analysts' estimates of $0.64.
• The company has declared a quarterly dividend of $0.62 per share, reflecting an increase from the previous dividend of $0.61, with a yield of 3.2%.

GW Henssler & Associates Ltd. bought a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 146,124 shares of the coffee company's stock, valued at approximately $13,389,000.

Several other institutional investors also recently bought and sold shares of the company. SPC Financial Inc. acquired a new position in Starbucks in the 2nd quarter valued at about $262,000. CWM LLC grew its position in Starbucks by 3.5% in the 2nd quarter. CWM LLC now owns 148,478 shares of the coffee company's stock valued at $13,605,000 after acquiring an additional 5,064 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Starbucks by 7.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 153,767 shares of the coffee company's stock valued at $14,091,000 after acquiring an additional 11,021 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in Starbucks by 60.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 96,153 shares of the coffee company's stock valued at $8,811,000 after acquiring an additional 36,385 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC grew its position in Starbucks by 35.8% in the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 3,613 shares of the coffee company's stock valued at $331,000 after acquiring an additional 953 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 1.7%

Shares of SBUX opened at $78.46 on Friday. The stock has a 50 day moving average price of $86.48 and a 200 day moving average price of $87.95. The company has a market capitalization of $89.19 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 3.87 and a beta of 1.01. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly 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 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 business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.2%. 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. Starbucks's dividend payout ratio is currently 105.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group downgraded Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 target price for the company. in a research report on Thursday, July 17th. Barclays boosted their price objective on Starbucks from $106.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Baird R W raised Starbucks from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Zacks Research raised Starbucks from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada boosted their price objective on Starbucks from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and an average target price of $103.56.

About Starbucks

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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