US Financial Advisors LLC Makes New $268,000 Investment in Starbucks Corporation (NASDAQ:SBUX)

Key Points

• US Financial Advisors LLC has made a new investment in Starbucks Corporation, acquiring 2,737 shares valued at approximately $268,000.
• Starbucks recently reported $0.50 earnings per share (EPS), missing the consensus estimate of $0.64, while also announcing a quarterly dividend of $0.61 per share.
• Institutional investors collectively own 72.29% of Starbucks' stock, with significant increases in holdings reported by several firms such as Capital World Investors and FMR LLC during the fourth quarter.

US Financial Advisors LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,737 shares of the coffee company's stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors increased its position in shares of Starbucks by 20.1% during the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares in the last quarter. FMR LLC increased its position in Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after buying an additional 5,348,790 shares during the period. Northern Trust Corp lifted its stake in Starbucks by 4.6% in the fourth quarter. Northern Trust Corp now owns 13,573,337 shares of the coffee company's stock valued at $1,238,567,000 after buying an additional 600,151 shares during the last quarter. Invesco Ltd. lifted its stake in Starbucks by 9.0% in the fourth quarter. Invesco Ltd. now owns 11,457,981 shares of the coffee company's stock valued at $1,045,541,000 after buying an additional 944,897 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Starbucks by 2.7% in the fourth quarter. Capital International Investors now owns 10,191,918 shares of the coffee company's stock valued at $929,898,000 after acquiring an additional 267,736 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $92.76 on Thursday. The firm has a market capitalization of $105.41 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 6.43 and a beta of 1.02. The business's 50 day simple moving average is $91.57 and its 200-day simple moving average is $94.65. Starbucks Corporation has a 12 month low of $72.72 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.43% and a net margin of 7.18%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities analysts anticipate 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 will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, August 15th. Starbucks's payout ratio is currently 88.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SBUX. Cowen reaffirmed a "hold" rating on shares of Starbucks in a report on Tuesday, June 24th. The Goldman Sachs Group restated a "neutral" rating and issued a $95.00 price objective (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Wells Fargo & Company upped their target price on shares of Starbucks from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup lowered their price target on Starbucks from $100.00 to $99.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Bank of America boosted their price target on Starbucks from $101.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $101.00.

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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