CreativeOne Wealth LLC Has $1.42 Million Stock Position in Starbucks Corporation $SBUX

Key Points

• CreativeOne Wealth LLC increased its stake in Starbucks Corporation by 42.8%, owning 14,499 shares worth approximately $1.42 million after purchasing an additional 4,343 shares in the first quarter.
• Starbucks' quarterly earnings report revealed an EPS of $0.50, which missed analysts' expectations, even though its revenue of $9.46 billion surpassed estimates.
• The company recently declared a quarterly dividend of $0.61 per share, with a dividend yield of 2.8% and a payout ratio of over 105%.

CreativeOne Wealth LLC boosted its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 42.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,499 shares of the coffee company's stock after buying an additional 4,343 shares during the quarter. CreativeOne Wealth LLC's holdings in Starbucks were worth $1,422,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. TrinityPoint Wealth LLC boosted its stake in Starbucks by 2.7% during the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after buying an additional 89 shares in the last quarter. Benin Management CORP boosted its stake in Starbucks by 0.7% during the first quarter. Benin Management CORP now owns 16,575 shares of the coffee company's stock valued at $1,626,000 after buying an additional 120 shares in the last quarter. Ted Buchan & Co boosted its stake in Starbucks by 1.5% during the first quarter. Ted Buchan & Co now owns 8,066 shares of the coffee company's stock valued at $791,000 after buying an additional 120 shares in the last quarter. Alexander Labrunerie & CO. Inc. boosted its stake in Starbucks by 3.5% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 3,561 shares of the coffee company's stock valued at $349,000 after buying an additional 122 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC boosted its stake in Starbucks by 2.3% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 5,388 shares of the coffee company's stock valued at $492,000 after buying an additional 123 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SBUX shares. CICC Research started coverage on Starbucks in a research report on Monday, June 30th. They issued an "outperform" rating and a $100.00 price target for the company. Wells Fargo & Company increased their price target on Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Starbucks from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased their price target on Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Baird R W raised Starbucks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.40.

Starbucks Price Performance

Shares of SBUX stock traded up $0.17 during trading on Monday, reaching $88.19. The company had a trading volume of 6,312,155 shares, compared to its average volume of 8,217,745. The firm's 50 day simple moving average is $91.88 and its two-hundred day simple moving average is $92.25. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The company has a market capitalization of $100.25 billion, a PE ratio of 38.01, a PEG ratio of 5.23 and a beta of 1.00.

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 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 during the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. Analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

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

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.