NS Partners Ltd Has $19.92 Million Stake in Starbucks Corporation (NASDAQ:SBUX)

Key Points

• NS Partners Ltd reduced its stake in Starbucks Corporation by 1.3% during Q1, selling 2,763 shares, bringing their total holdings to 203,042 shares, valued at approximately $19.9 million.
• Starbucks reported a missed earnings estimate of $0.50 per share on July 29th, falling short of analyst expectations of $0.64, while revenue for the quarter reached $9.46 billion.
• The company declared a quarterly dividend of $0.61 per share, with a yield of 2.7%, set to be paid on August 29th to shareholders of record as of August 15th.

NS Partners Ltd lessened its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,042 shares of the coffee company's stock after selling 2,763 shares during the period. NS Partners Ltd's holdings in Starbucks were worth $19,916,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $285,000. Czech National Bank grew its stake in shares of Starbucks by 6.2% during the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock valued at $25,591,000 after purchasing an additional 15,132 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in Starbucks by 125.5% in the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock valued at $908,000 after buying an additional 5,151 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Starbucks by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company's stock valued at $45,489,000 after buying an additional 3,130 shares during the period. Finally, Norden Group LLC lifted its holdings in Starbucks by 66.1% in the first quarter. Norden Group LLC now owns 30,219 shares of the coffee company's stock valued at $2,964,000 after buying an additional 12,027 shares during the period. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SBUX has been the topic of several analyst reports. Piper Sandler set a $105.00 price objective on shares of Starbucks and gave the company an "overweight" rating in a report on Wednesday, July 30th. TD Cowen increased their target price on shares of Starbucks from $90.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. Bank of America increased their target price on shares of Starbucks from $101.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cowen reiterated a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. Finally, Barclays increased their target price on shares of Starbucks from $106.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $101.27.

Starbucks Trading Up 1.2%

Shares of SBUX traded up $1.10 during midday trading on Friday, reaching $92.12. The stock had a trading volume of 8,032,266 shares, compared to its average volume of 11,577,803. The firm has a 50 day simple moving average of $92.27 and a 200-day simple moving average of $94.39. Starbucks Corporation has a one year low of $74.75 and a one year high of $117.46. The firm has a market cap of $104.71 billion, a PE ratio of 39.71, a P/E/G ratio of 5.25 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%. The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. As a group, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.44 annualized dividend and a dividend yield of 2.6%. Starbucks's 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.