Vanguard Personalized Indexing Management LLC Buys 11,021 Shares of Starbucks Corporation $SBUX

Vanguard Personalized Indexing Management LLC grew its stake in Starbucks Corporation (NASDAQ:SBUX) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 153,767 shares of the coffee company’s stock after acquiring an additional 11,021 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Starbucks were worth $14,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SBUX. Game Plan Financial Advisors LLC bought a new position in shares of Starbucks in the second quarter valued at about $25,000. Chelsea Counsel Co. bought a new position in Starbucks during the second quarter worth about $26,000. Hughes Financial Services LLC bought a new position in Starbucks during the first quarter worth about $27,000. CBIZ Investment Advisory Services LLC increased its position in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after acquiring an additional 159 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new position in Starbucks during the first quarter worth about $29,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $78.46 on Friday. The company’s 50 day simple moving average is $86.48 and its 200 day simple moving average is $87.95. The stock has a market capitalization of $89.19 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 3.87 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 announced its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). The firm had revenue of $9.46 billion during 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%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, November 14th. This is an increase from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio is 105.17%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup raised shares of Starbucks from a “neutral” rating to a “mixed” rating in a research report on Thursday. Loop Capital set a $165.00 target price on Starbucks in a research report on Tuesday, August 12th. Morgan Stanley reiterated an “overweight” rating and set a $103.00 target price (up from $95.00) on shares of Starbucks in a research report on Wednesday, July 30th. Jefferies Financial Group downgraded Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 target price for the company. in a research report on Thursday, July 17th. Finally, TD Cowen reduced their price objective on shares of Starbucks from $88.00 to $84.00 and set a “hold” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.56.

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.