WoodTrust Financial Corp Has $7.25 Million Position in Starbucks Corporation $SBUX

WoodTrust Financial Corp increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 79,149 shares of the coffee company’s stock after purchasing an additional 2,409 shares during the quarter. Starbucks comprises 0.8% of WoodTrust Financial Corp’s holdings, making the stock its 29th biggest position. WoodTrust Financial Corp’s holdings in Starbucks were worth $7,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in shares of Starbucks in the 2nd quarter valued at $26,000. Hughes Financial Services LLC bought a new position in Starbucks during the 1st quarter worth about $27,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 159 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Starbucks in the 1st quarter valued at about $29,000. Finally, Nova Wealth Management Inc. grew its holdings in shares of Starbucks by 285.4% in the 1st quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SBUX shares. Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $100.00 to $115.00 in a research report on Tuesday, August 12th. Piper Sandler set a $105.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research report on Wednesday, July 30th. TD Securities reissued a “hold” rating and issued a $90.00 price objective on shares of Starbucks in a research note on Monday, June 23rd. Stifel Nicolaus boosted their target price on shares of Starbucks from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.00.

Starbucks Price Performance

NASDAQ SBUX opened at $81.29 on Wednesday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The stock has a market capitalization of $92.40 billion, a PE ratio of 35.04, a P/E/G ratio of 4.05 and a beta of 1.01. The company’s 50 day simple moving average is $87.09 and its two-hundred day simple moving average is $88.30.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. Starbucks’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. On average, research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.62 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.1%. Starbucks’s dividend payout ratio (DPR) is currently 105.17%.

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.