Hudson Valley Investment Advisors Inc. ADV Purchases 4,631 Shares of Starbucks Co. (NASDAQ:SBUX)

Hudson Valley Investment Advisors Inc. ADV boosted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,743 shares of the coffee company's stock after purchasing an additional 4,631 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Starbucks were worth $6,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SBUX. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the fourth quarter worth about $25,000. Graney & King LLC bought a new stake in Starbucks in the fourth quarter worth about $26,000. Collier Financial bought a new stake in Starbucks in the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks in the fourth quarter worth about $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks in the fourth quarter worth about $30,000. Institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen reaffirmed a "hold" rating and set a $90.00 target price on shares of Starbucks in a research report on Thursday, May 29th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Cowen lowered shares of Starbucks from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Stifel Nicolaus reduced their target price on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered shares of Starbucks from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $103.00 to $85.00 in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of "Hold" and a consensus price target of $97.92.

Starbucks Stock Performance

Shares of SBUX opened at $89.64 on Friday. The business's 50-day moving average is $84.45 and its two-hundred day moving average is $95.19. The company has a market capitalization of $101.87 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

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

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, May 16th. Starbucks's dividend payout ratio is currently 88.41%.

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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