Starbucks Corporation $SBUX Shares Acquired by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,844 shares of the coffee company’s stock after buying an additional 1,178 shares during the quarter. Starbucks comprises 1.6% of Semmax Financial Advisors Inc.’s portfolio, making the stock its 18th largest position. Semmax Financial Advisors Inc.’s holdings in Starbucks were worth $5,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks during the fourth quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new stake in Starbucks during the first quarter valued at approximately $27,000. McClarren Financial Advisors Inc. acquired a new stake in Starbucks during the first quarter valued at approximately $29,000. Activest Wealth Management raised its stake in Starbucks by 78.0% during the first quarter. Activest Wealth Management now owns 331 shares of the coffee company’s stock valued at $32,000 after buying an additional 145 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Starbucks during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SBUX. Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 target price (up from $95.00) on shares of Starbucks in a report on Wednesday, July 30th. Evercore ISI reaffirmed an “outperform” rating and set a $105.00 target price (up from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Royal Bank Of Canada upped their target price on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Sanford C. Bernstein upped their target price on Starbucks from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus upped their target price on Starbucks from $92.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.40.

Starbucks Price Performance

Shares of SBUX stock opened at $84.17 on Tuesday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The firm has a market capitalization of $95.68 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 5.09 and a beta of 1.00. The business has a 50 day simple moving average of $91.39 and a 200 day simple moving average of $91.34.

Starbucks (NASDAQ:SBUX) last issued 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). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same period last year, the company earned $0.93 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 15th. Starbucks’s dividend payout ratio is 105.17%.

Starbucks 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.