Retirement Solution LLC Trims Position in Starbucks Corporation $SBUX

Retirement Solution LLC decreased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 85.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,362 shares of the coffee company’s stock after selling 25,098 shares during the quarter. Starbucks comprises approximately 0.1% of Retirement Solution LLC’s portfolio, making the stock its 24th biggest position. Retirement Solution LLC’s holdings in Starbucks were worth $400,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks during the 2nd quarter valued at about $25,000. Hughes Financial Services LLC purchased a new stake in Starbucks in the first quarter worth about $27,000. Chelsea Counsel Co. bought a new stake in Starbucks during the 2nd quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Starbucks by 125.2% during the 1st 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 shares of Starbucks in the 1st quarter worth approximately $29,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 4.1%

Shares of SBUX opened at $85.57 on Monday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The company has a market capitalization of $97.27 billion, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02. The firm has a 50 day moving average of $83.92 and a 200 day moving average of $87.54.

Starbucks (NASDAQ:SBUX) last issued its 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 net margin of 4.99% and a negative return on equity of 31.84%. The business had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.62 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. Starbucks’s payout ratio is presently 151.22%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SBUX. Loop Capital set a $165.00 price target on Starbucks in a research report on Tuesday, August 12th. Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 1st. Barclays reduced their target price on shares of Starbucks from $115.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. UBS Group set a $94.00 price objective on shares of Starbucks and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Bank of America raised their target price on shares of Starbucks from $101.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Hold” and an average target price of $100.50.

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.