First Command Advisory Services Inc. Purchases 271 Shares of Starbucks Corporation $SBUX

First Command Advisory Services Inc. boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,369 shares of the coffee company’s stock after acquiring an additional 271 shares during the quarter. First Command Advisory Services Inc.’s holdings in Starbucks were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Starbucks by 0.9% in the first quarter. Vanguard Group Inc. now owns 112,059,570 shares of the coffee company’s stock valued at $10,991,923,000 after acquiring an additional 953,361 shares during the last quarter. Wellington Management Group LLP boosted its position in Starbucks by 22.3% during the first quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company’s stock valued at $1,904,366,000 after buying an additional 3,545,655 shares during the period. Nuveen LLC purchased a new stake in Starbucks during the first quarter valued at about $1,379,619,000. Goldman Sachs Group Inc. boosted its position in Starbucks by 59.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company’s stock valued at $943,948,000 after buying an additional 3,589,537 shares during the period. Finally, Jennison Associates LLC purchased a new stake in Starbucks during the first quarter valued at about $817,759,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.8%

Starbucks stock opened at $86.09 on Monday. The firm has a 50-day moving average of $85.01 and a 200-day moving average of $87.52. The firm has a market cap of $97.86 billion, a P/E ratio of 37.11, a P/E/G ratio of 4.32 and a beta of 1.01. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46.

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

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.62 per share. 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 2.9%. The ex-dividend date is Friday, November 14th. Starbucks’s dividend payout ratio (DPR) is currently 105.17%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Guggenheim upped their price target on shares of Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target for the company. in a research report on Thursday, July 17th. Loop Capital set a $165.00 price target on shares of Starbucks in a research report on Tuesday, August 12th. Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and upped their price target for the company from $100.00 to $115.00 in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company set a $100.00 price target on shares of Starbucks and gave the company an “overweight” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.80.

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.