Bensler LLC Increases Stock Position in Starbucks Corporation $SBUX

Bensler LLC boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,444 shares of the coffee company’s stock after purchasing an additional 1,535 shares during the quarter. Bensler LLC’s holdings in Starbucks were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBUX. Brighton Jones LLC increased its position in Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after acquiring an additional 81,952 shares during the period. Round Rock Advisors LLC acquired a new stake in Starbucks during the 1st quarter worth approximately $224,000. Alps Advisors Inc. grew its stake in shares of Starbucks by 1.1% in the 1st quarter. Alps Advisors Inc. now owns 57,954 shares of the coffee company’s stock valued at $5,685,000 after purchasing an additional 609 shares during the last quarter. Weil Company Inc. grew its stake in shares of Starbucks by 5.8% in the 1st quarter. Weil Company Inc. now owns 37,656 shares of the coffee company’s stock valued at $3,694,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Country Club Bank increased its holdings in shares of Starbucks by 0.9% in the first quarter. Country Club Bank now owns 22,381 shares of the coffee company’s stock valued at $2,187,000 after purchasing an additional 195 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Up 4.1%

Shares of Starbucks stock opened at $85.57 on Friday. The company has a 50-day moving average of $83.92 and a two-hundred day moving average of $87.46. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The stock has a market cap of $97.27 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.The firm had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm earned $0.80 EPS. Starbucks’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast 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 given a $0.62 dividend. 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 151.22%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SBUX. Stifel Nicolaus increased their price target on Starbucks from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 11th. BTIG Research restated a “buy” rating and issued a $105.00 target price on shares of Starbucks in a research note on Thursday, October 30th. Loop Capital set a $165.00 target price on shares of Starbucks in a report on Tuesday, August 12th. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, UBS Group set a $94.00 price objective on shares of Starbucks and gave the company a “neutral” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.50.

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.