10,759 Shares in Starbucks Corporation (NASDAQ:SBUX) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,759 shares of the coffee company's stock, valued at approximately $1,055,000.

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 position in Starbucks in the 4th quarter valued at $25,000. Graney & King LLC purchased a new stake in shares of Starbucks in the fourth quarter worth $26,000. Hughes Financial Services LLC bought a new stake in Starbucks during the first quarter valued at $27,000. Kapitalo Investimentos Ltda purchased a new position in Starbucks during the fourth quarter worth about $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in Starbucks during the fourth quarter worth about $41,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Sanford C. Bernstein lifted their price target on Starbucks from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen reissued a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Wall Street Zen lowered shares of Starbucks from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. TD Securities reaffirmed a "hold" rating and set a $90.00 price objective on shares of Starbucks in a report on Monday, June 23rd. Finally, Cowen reiterated a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $98.58.

Starbucks Stock Performance

Shares of Starbucks stock traded up $0.72 during midday trading on Friday, reaching $94.42. 7,219,553 shares of the company's stock traded hands, compared to its average volume of 10,288,745. The company has a market cap of $107.30 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 6.63 and a beta of 1.02. The stock has a 50 day moving average of $90.87 and a 200-day moving average of $94.63. Starbucks Corporation has a 12 month low of $72.72 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.58%. Starbucks's dividend payout ratio (DPR) 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.