Vest Financial LLC Has $1.55 Million Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Vest Financial LLC lifted its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 73.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,789 shares of the coffee company's stock after purchasing an additional 6,689 shares during the period. Vest Financial LLC's holdings in Starbucks were worth $1,549,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SBUX. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the fourth quarter worth about $25,000. Graney & King LLC bought a new stake in Starbucks during the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in Starbucks during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC bought a new stake in Starbucks during the fourth quarter valued at approximately $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 3.0%

Shares of SBUX opened at $89.64 on Friday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The business's 50 day moving average is $84.45 and its 200 day moving average is $95.17. The company has a market capitalization of $101.87 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.72%. Starbucks's payout ratio is currently 88.41%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird restated a "neutral" rating and set a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. The Goldman Sachs Group lowered shares of Starbucks from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $103.00 to $85.00 in a research note on Wednesday, April 30th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research note on Tuesday, March 18th. Royal Bank of Canada lowered shares of Starbucks from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 29th. Finally, TD Cowen restated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $97.92.

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.

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