Starbucks Corporation $SBUX Stock Position Increased by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its stake in Starbucks Corporation by 4.9%, acquiring an additional 3,199 shares, bringing its total holdings to 69,128 shares valued at approximately $6.78 million.
• Starbucks announced a quarterly dividend of $0.61 per share, payable on August 29th, representing an annualized yield of 2.7%.
• Despite a revenue increase of 3.8% year-over-year, Starbucks' latest earnings report showed a miss in earnings per share, reporting $0.50 against a consensus estimate of $0.64.

Level Four Advisory Services LLC boosted its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,128 shares of the coffee company's stock after acquiring an additional 3,199 shares during the period. Level Four Advisory Services LLC's holdings in Starbucks were worth $6,781,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SBUX. Vanguard Group Inc. boosted its holdings in Starbucks by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 112,059,570 shares of the coffee company's stock valued at $10,991,923,000 after purchasing an additional 953,361 shares in the last quarter. Wellington Management Group LLP increased its holdings in Starbucks by 22.3% during the 1st quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company's stock valued at $1,904,366,000 after acquiring an additional 3,545,655 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Starbucks in the first quarter valued at approximately $1,379,619,000. Northern Trust Corp increased its stake in shares of Starbucks by 4.6% during the 4th quarter. Northern Trust Corp now owns 13,573,337 shares of the coffee company's stock worth $1,238,567,000 after purchasing an additional 600,151 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Starbucks by 59.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company's stock valued at $943,948,000 after buying an additional 3,589,537 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $103.00 price target (up previously from $95.00) on shares of Starbucks in a research report on Wednesday, July 30th. Barclays increased their price objective on Starbucks from $106.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Starbucks from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on shares of Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Baird R W raised shares of Starbucks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.40.

Starbucks Stock Performance

Starbucks stock traded down $2.0220 during trading on Monday, reaching $86.3580. The company had a trading volume of 4,749,943 shares, compared to its average volume of 10,407,672. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The stock's 50 day moving average price is $92.49 and its two-hundred day moving average price is $93.29. The firm has a market capitalization of $98.16 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 5.25 and a beta of 1.02.

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 for 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 firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's dividend payout ratio is presently 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.