Starbucks Corporation $SBUX Shares Bought by Aviva PLC

Aviva PLC lifted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 7.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 849,034 shares of the coffee company’s stock after purchasing an additional 55,842 shares during the quarter. Aviva PLC’s holdings in Starbucks were worth $77,797,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prospera Financial Services Inc grew its position in Starbucks by 3.8% in the 2nd quarter. Prospera Financial Services Inc now owns 55,484 shares of the coffee company’s stock valued at $5,086,000 after buying an additional 2,031 shares in the last quarter. Decker Retirement Planning Inc. raised its position in shares of Starbucks by 497.8% during the 2nd quarter. Decker Retirement Planning Inc. now owns 1,381 shares of the coffee company’s stock worth $127,000 after buying an additional 1,150 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Starbucks by 1.9% in the 1st quarter. Summit Investment Advisors Inc. now owns 48,297 shares of the coffee company’s stock worth $4,737,000 after acquiring an additional 885 shares during the period. Bensler LLC boosted its holdings in shares of Starbucks by 15.5% in the second quarter. Bensler LLC now owns 11,444 shares of the coffee company’s stock valued at $1,049,000 after acquiring an additional 1,535 shares in the last quarter. Finally, One Wealth Capital Management LLC increased its stake in shares of Starbucks by 52.8% during the second quarter. One Wealth Capital Management LLC now owns 8,071 shares of the coffee company’s stock valued at $740,000 after acquiring an additional 2,790 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Up 4.1%

NASDAQ:SBUX opened at $85.57 on Friday. The stock has a fifty day simple moving average of $83.92 and a 200 day simple moving average of $87.50. The firm has a market capitalization of $97.27 billion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a net margin of 4.99% and a negative return on equity of 31.84%. The firm had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the company posted $0.80 earnings per share. Starbucks’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently disclosed 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. 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%. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio (DPR) is 151.22%.

Analyst Ratings Changes

SBUX has been the subject of a number of research reports. Wells Fargo & Company set a $100.00 price target on Starbucks and gave the company an “overweight” rating in a research note on Thursday, October 16th. Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $115.00 in a report on Tuesday, August 12th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 1st. Royal Bank Of Canada set a $100.00 price target on shares of Starbucks and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Starbucks in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.