HORAN Wealth LLC Takes Position in Starbucks Corporation $SBUX

HORAN Wealth LLC bought a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,287 shares of the coffee company’s stock, valued at approximately $210,000.

Other large investors have also added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new position in Starbucks during the second quarter worth $25,000. Chelsea Counsel Co. bought a new stake in shares of Starbucks during the 2nd quarter worth about $26,000. Hughes Financial Services LLC acquired a new position in Starbucks in the 1st quarter valued at about $27,000. CBIZ Investment Advisory Services LLC raised its holdings in 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 during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in Starbucks during the first quarter worth approximately $29,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SBUX shares. Guggenheim upped their target price on Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Royal Bank Of Canada set a $100.00 price objective on Starbucks and gave the company an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company set a $100.00 price objective on Starbucks and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Morgan Stanley set a $105.00 target price on shares of Starbucks and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Jefferies Financial Group lowered shares of Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target on the stock. in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and an average price target of $100.50.

Starbucks Stock Performance

NASDAQ:SBUX opened at $82.22 on Friday. The company has a market cap of $93.46 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 4.28 and a beta of 1.02. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46. The stock has a fifty day moving average price of $83.98 and a 200-day moving average price of $87.43.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.The company had revenue of $9.57 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared 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 a boost from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. Starbucks’s payout ratio is currently 151.22%.

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.