Thurston Springer Miller Herd & Titak Inc. Purchases 7,250 Shares of Starbucks Co. (NASDAQ:SBUX)

Thurston Springer Miller Herd & Titak Inc. boosted its position in Starbucks Co. (NASDAQ:SBUX - Free Report) by 27.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,242 shares of the coffee company's stock after acquiring an additional 7,250 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Starbucks were worth $3,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SBUX. Strategic Financial Concepts LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $62,000. Arizona State Retirement System boosted its holdings in Starbucks by 0.8% in the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after purchasing an additional 2,722 shares during the period. West Michigan Advisors LLC acquired a new position in Starbucks in the fourth quarter valued at approximately $265,000. Wernau Asset Management Inc. bought a new position in shares of Starbucks during the fourth quarter worth about $258,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of Starbucks in the 4th quarter worth about $285,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Up 3.0%

Shares of Starbucks stock traded up $2.65 on Friday, reaching $89.64. 8,771,082 shares of the company were exchanged, compared to its average volume of 11,057,244. The stock has a fifty day moving average price of $84.63 and a 200-day moving average price of $95.25. The firm has a market capitalization of $101.87 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results 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). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. During the same quarter in the previous year, the company earned $0.68 EPS. Starbucks's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, May 16th. Starbucks's dividend payout ratio (DPR) is currently 88.41%.

Analyst Upgrades and Downgrades

Several research firms have commented on SBUX. TD Cowen restated a "hold" rating and issued a $90.00 target price on shares of Starbucks in a research report on Thursday, May 29th. BMO Capital Markets decreased their price objective on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada cut Starbucks from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. Robert W. Baird reiterated a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Baird R W cut Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.92.

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.