Tectonic Advisors LLC Purchases 3,759 Shares of Starbucks Corporation (NASDAQ:SBUX)

Tectonic Advisors LLC raised its position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 37.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,930 shares of the coffee company's stock after buying an additional 3,759 shares during the quarter. Tectonic Advisors LLC's holdings in Starbucks were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Starbucks during the 4th quarter valued at about $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. bought a new position in Starbucks in the 4th quarter valued at $27,000. Hughes Financial Services LLC bought a new position in Starbucks in the 1st quarter valued at $27,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Starbucks during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SBUX shares. Stifel Nicolaus increased their price target on Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 11th. TD Securities reissued a "hold" rating and issued a $90.00 price objective on shares of Starbucks in a report on Monday, June 23rd. The Goldman Sachs Group reiterated 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. Sanford C. Bernstein lifted their price objective on Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets decreased their price target on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.58.

Starbucks Price Performance

SBUX traded up $0.73 during mid-day trading on Friday, hitting $93.92. The stock had a trading volume of 2,070,999 shares, compared to its average volume of 10,753,619. Starbucks Corporation has a 1-year low of $72.73 and a 1-year high of $117.46. The stock's fifty day simple moving average is $89.95 and its 200-day simple moving average is $94.54. The firm has a market capitalization of $106.73 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 4.74 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's dividend payout ratio (DPR) is 88.41%.

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.