Schnieders Capital Management LLC Has $334,000 Stock Holdings in Starbucks Corporation $SBUX

Schnieders Capital Management LLC raised its holdings in Starbucks Corporation (NASDAQ:SBUX) by 47.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,642 shares of the coffee company’s stock after purchasing an additional 1,164 shares during the quarter. Schnieders Capital Management LLC’s holdings in Starbucks were worth $334,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SBUX. Brighton Jones LLC boosted its holdings in shares of 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 purchasing an additional 81,952 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Starbucks by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 20,591 shares of the coffee company’s stock valued at $2,020,000 after purchasing an additional 3,703 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Starbucks in the 1st quarter valued at $505,000. Childress Capital Advisors LLC boosted its holdings in shares of Starbucks by 10.1% in the 1st quarter. Childress Capital Advisors LLC now owns 2,705 shares of the coffee company’s stock valued at $265,000 after purchasing an additional 249 shares in the last quarter. Finally, Ellis Investment Partners LLC acquired a new stake in shares of Starbucks in the 1st quarter valued at $202,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research analyst reports. Piper Sandler set a $105.00 target price on Starbucks and gave the company an “overweight” rating in a report on Wednesday, July 30th. BTIG Research set a $105.00 price target on Starbucks in a research note on Thursday, September 25th. Wells Fargo & Company set a $100.00 price target on Starbucks and gave the company an “overweight” rating in a research note on Thursday. Royal Bank Of Canada increased their price target on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $115.00 price target (up from $100.00) on shares of Starbucks in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.84.

Starbucks Stock Down 1.0%

Shares of NASDAQ:SBUX opened at $84.53 on Tuesday. The firm has a market cap of $96.09 billion, a P/E ratio of 36.44, a P/E/G ratio of 4.22 and a beta of 1.01. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The business has a fifty day simple moving average of $85.57 and a 200 day simple moving average of $87.41.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The firm’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 earned $0.93 earnings per share. As a group, equities research analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 annualized dividend and a yield of 2.9%. This is an increase from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio is 105.17%.

About Starbucks

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.