New Hampshire Trust Has $727,000 Position in Starbucks Corporation $SBUX

New Hampshire Trust increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,935 shares of the coffee company’s stock after acquiring an additional 359 shares during the period. New Hampshire Trust’s holdings in Starbucks were worth $727,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new position in Starbucks in the second quarter valued at about $25,000. Chelsea Counsel Co. acquired a new position in Starbucks in the second quarter valued at about $26,000. Hughes Financial Services LLC acquired a new position in Starbucks in the first quarter valued at about $27,000. CBIZ Investment Advisory Services LLC boosted its position in Starbucks by 125.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after buying an additional 159 shares in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Starbucks in the first quarter worth about $29,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus boosted their target price on shares of Starbucks from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Citigroup dropped their target price on shares of Starbucks from $99.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. CICC Research initiated coverage on shares of Starbucks in a research note on Monday, June 30th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $101.80.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $86.09 on Friday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The company has a market capitalization of $97.86 billion, a PE ratio of 37.11, a PEG ratio of 4.32 and a beta of 1.01. The company has a 50 day moving average price of $85.01 and a two-hundred day moving average price of $87.53.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

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