Starbucks Corporation (NASDAQ:SBUX) Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Starbucks Corporation by 1.4%, now owning approximately 0.25% of the company worth $277.47 million.
• Starbucks reported a quarterly earnings per share (EPS) of $0.50, missing the consensus estimate of $0.64, while its revenue of $9.46 billion exceeded analyst expectations of $9.29 billion.
• The company declared a quarterly dividend of $0.61 per share, with a dividend yield of 2.7% and a payout ratio of 105.17%.

Dimensional Fund Advisors LP lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,950 shares of the coffee company's stock after buying an additional 39,705 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of Starbucks worth $277,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TrinityPoint Wealth LLC increased its holdings in shares of Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock worth $312,000 after buying an additional 89 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company's stock worth $261,000 after buying an additional 97 shares during the last quarter. Mendel Capital Management LLC increased its holdings in shares of Starbucks by 1.8% during the 4th quarter. Mendel Capital Management LLC now owns 5,721 shares of the coffee company's stock worth $522,000 after buying an additional 101 shares during the last quarter. Benin Management CORP increased its holdings in shares of Starbucks by 0.7% during the 1st quarter. Benin Management CORP now owns 16,575 shares of the coffee company's stock worth $1,626,000 after buying an additional 120 shares during the last quarter. Finally, Ted Buchan & Co increased its holdings in shares of Starbucks by 1.5% during the 1st quarter. Ted Buchan & Co now owns 8,066 shares of the coffee company's stock worth $791,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $90.60 on Friday. The company's fifty day moving average price is $92.80 and its 200 day moving average price is $94.09. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a market capitalization of $102.99 billion, a P/E ratio of 39.05, a P/E/G ratio of 5.32 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly 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). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. Starbucks's revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is currently 105.17%.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $95.00 price objective (up previously from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Wells Fargo & Company increased their price objective on shares of Starbucks from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price objective (up previously from $95.00) on shares of Starbucks in a research report on Tuesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Starbucks from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Guggenheim increased their price objective on shares of Starbucks from $79.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $103.65.

Starbucks Company 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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