Starbucks Corporation $SBUX Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,413 shares of the coffee company's stock after acquiring an additional 4,340 shares during the period. Sequoia Financial Advisors LLC's holdings in Starbucks were worth $4,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SBUX. Narwhal Capital Management boosted its position in Starbucks by 39.6% during the second quarter. Narwhal Capital Management now owns 32,738 shares of the coffee company's stock worth $3,000,000 after purchasing an additional 9,282 shares during the period. PUREfi Wealth LLC acquired a new stake in shares of Starbucks in the second quarter worth $286,000. Napa Wealth Management acquired a new position in Starbucks in the 1st quarter valued at $1,435,000. Pegasus Asset Management Inc. bought a new position in Starbucks in the 2nd quarter worth $1,289,000. Finally, Personal CFO Solutions LLC raised its holdings in Starbucks by 125.5% in the 1st quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock worth $908,000 after acquiring an additional 5,151 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $81.15 on Wednesday. The stock has a market cap of $92.24 billion, a PE ratio of 34.98, a PEG ratio of 3.97 and a beta of 1.01. The business has a fifty day moving average of $86.11 and a two-hundred day moving average of $87.70. 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 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 firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the prior year, the company posted $0.93 earnings per share. Starbucks's quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, November 14th. This is a boost from Starbucks's previous quarterly dividend of $0.61. Starbucks's dividend payout ratio is currently 105.17%.

Analyst Ratings Changes

SBUX has been the topic of several research analyst reports. Baird R W raised Starbucks from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. BMO Capital Markets reiterated an "outperform" rating and set a $115.00 price target (up from $100.00) on shares of Starbucks in a report on Wednesday, July 30th. Evercore ISI reiterated an "outperform" rating and set a $105.00 price target (up from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Citigroup dropped their target price on shares of Starbucks from $99.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, UBS Group boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.96.

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.

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