Berkeley Capital Partners LLC Acquires 286 Shares of Starbucks Corporation $SBUX

Berkeley Capital Partners LLC lifted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,729 shares of the coffee company’s stock after purchasing an additional 286 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Starbucks were worth $1,991,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBUX. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks in the second quarter worth $25,000. Chelsea Counsel Co. bought a new stake in shares of Starbucks in the second quarter worth $26,000. Hughes Financial Services LLC acquired a new position in Starbucks during the first quarter worth $27,000. CBIZ Investment Advisory Services LLC increased its holdings 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 buying an additional 159 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in Starbucks during the first quarter worth $29,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ:SBUX opened at $84.53 on Tuesday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The company 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. The firm’s fifty day moving average price is $85.57 and its two-hundred day moving average price is $87.41.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Starbucks’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. This is a boost from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, November 14th. Starbucks’s dividend payout ratio is currently 105.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SBUX shares. Weiss Ratings restated a “hold (c)” rating on shares of Starbucks in a report on Wednesday, October 8th. TD Securities restated a “hold” rating and set a $90.00 target price on shares of Starbucks in a report on Monday, June 23rd. Wells Fargo & Company set a $100.00 target price on shares of Starbucks and gave the stock an “overweight” rating in a report on Thursday. Sanford C. Bernstein boosted their target price on shares of Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Citigroup lowered their target price on shares of Starbucks from $99.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $102.84.

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.