Starbucks Corporation (NASDAQ:SBUX) Shares Purchased by Menard Financial Group LLC

Key Points

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Menard Financial Group LLC raised its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 448.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,214 shares of the coffee company's stock after purchasing an additional 4,263 shares during the quarter. Menard Financial Group LLC's holdings in Starbucks were worth $511,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in Starbucks during the 4th quarter worth approximately $25,000. Hughes Financial Services LLC bought a new position in Starbucks during the 1st quarter worth approximately $27,000. Kapitalo Investimentos Ltda bought a new position in Starbucks during the 4th quarter worth approximately $32,000. Ball & Co Wealth Management Inc. bought a new position in Starbucks during the 4th quarter worth approximately $41,000. Finally, Accredited Wealth Management LLC bought a new position in Starbucks during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SBUX shares. TD Securities restated a "hold" rating and set a $90.00 price objective on shares of Starbucks in a research report on Monday, June 23rd. Guggenheim reduced their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets boosted their price objective on Starbucks from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Starbucks from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Evercore ISI restated 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. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $101.00.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $92.76 on Thursday. The business's 50-day moving average price is $91.57 and its two-hundred day moving average price is $94.65. Starbucks Corporation has a one year low of $72.72 and a one year high of $117.46. The company has a market capitalization of $105.41 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 6.43 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results 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 36.43%. The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.29 billion. During the same quarter last year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities 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. Shareholders of record on Friday, August 15th will be given a $0.61 dividend. 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 2.63%. Starbucks's dividend payout ratio is currently 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.

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