One Wealth Capital Management LLC Makes New $518,000 Investment in Starbucks Corporation $SBUX

Key Points

• One Wealth Capital Management LLC has made a new investment of approximately $518,000 in Starbucks Corporation, acquiring 5,281 shares in the first quarter of the year.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their stakes in Starbucks, contributing to a total institutional ownership of 72.29%.
• Starbucks reported a quarterly earnings miss with earnings per share of $0.50, falling short of the consensus estimate of $0.64, despite revenue surpassing expectations at $9.46 billion.

One Wealth Capital Management LLC acquired a new position in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,281 shares of the coffee company's stock, valued at approximately $518,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Starbucks by 0.9% in the first quarter. Vanguard Group Inc. now owns 112,059,570 shares of the coffee company's stock worth $10,991,923,000 after purchasing an additional 953,361 shares during the last quarter. Wellington Management Group LLP lifted its stake in Starbucks by 22.3% in the first quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company's stock worth $1,904,366,000 after purchasing an additional 3,545,655 shares during the last quarter. Nuveen LLC bought a new stake in Starbucks in the first quarter worth about $1,379,619,000. Goldman Sachs Group Inc. lifted its stake in Starbucks by 59.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company's stock worth $943,948,000 after purchasing an additional 3,589,537 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in Starbucks in the first quarter worth about $817,759,000. Institutional investors own 72.29% of the company's stock.

Starbucks Stock Up 0.2%

Shares of SBUX stock opened at $88.19 on Monday. The firm has a market cap of $100.25 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 5.23 and a beta of 1.00. The company's 50 day moving average is $91.96 and its 200 day moving average is $92.42. 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 issued its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. Starbucks's dividend payout ratio (DPR) is presently 105.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBUX shares. Citigroup decreased their price target on shares of Starbucks from $100.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. Robert W. Baird raised shares of Starbucks from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. CICC Research started coverage on shares of Starbucks in a research note on Monday, June 30th. They set an "outperform" rating and a $100.00 price target for the company. Finally, Cowen reaffirmed a "hold" rating on shares of Starbucks in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.40.

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.

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