Stance Capital LLC Has $4.07 Million Stock Holdings in Starbucks Corporation $SBUX

Key Points

• Stance Capital LLC significantly increased its stake in Starbucks by 147,921.4% during the 1st quarter, bringing its holdings to 41,446 shares, valued at approximately $4.07 million.
• Starbucks recently reported earnings of $0.50 per share for the last quarter, missing analysts' expectations, but achieved a revenue of $9.46 billion, surpassing forecasts.
• The company announced a quarterly dividend of $0.61 per share, which equates to an annualized dividend of $2.44, representing a yield of 2.9% and a payout ratio of 105.17%.

Stance Capital LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 147,921.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,446 shares of the coffee company's stock after purchasing an additional 41,418 shares during the quarter. Starbucks comprises about 2.9% of Stance Capital LLC's investment portfolio, making the stock its 13th biggest position. Stance Capital LLC's holdings in Starbucks were worth $4,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. TrinityPoint Wealth LLC raised its position in Starbucks by 2.7% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after purchasing an additional 89 shares during the period. Benin Management CORP increased its position in shares of Starbucks by 0.7% during the first quarter. Benin Management CORP now owns 16,575 shares of the coffee company's stock worth $1,626,000 after acquiring an additional 120 shares during the last quarter. Ted Buchan & Co increased its position in shares of Starbucks by 1.5% during the first quarter. Ted Buchan & Co now owns 8,066 shares of the coffee company's stock worth $791,000 after acquiring an additional 120 shares during the last quarter. Alexander Labrunerie & CO. Inc. increased its position in shares of Starbucks by 3.5% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 3,561 shares of the coffee company's stock worth $349,000 after acquiring an additional 122 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC increased its position in shares of Starbucks by 2.3% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 5,388 shares of the coffee company's stock worth $492,000 after acquiring an additional 123 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Stock Down 0.4%

SBUX traded down $0.36 during trading on Tuesday, reaching $83.81. The stock had a trading volume of 8,621,881 shares, compared to its average volume of 7,764,335. The firm has a market capitalization of $95.27 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 5.01 and a beta of 1.00. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The stock has a 50 day moving average of $91.17 and a two-hundred day moving average of $91.29.

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

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.61 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.9%. Starbucks's dividend payout ratio is presently 105.17%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SBUX shares. Stifel Nicolaus lifted their target price on Starbucks from $92.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Loop Capital set a $165.00 price target on Starbucks in a research note on Tuesday, August 12th. Bank of America lifted their price target on Starbucks from $101.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. CICC Research started coverage on Starbucks in a research note on Monday, June 30th. They issued an "outperform" rating and a $100.00 price target for the company. Finally, TD Securities reiterated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the 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.

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.