Retirement Planning Group LLC Acquires 9,219 Shares of Starbucks Co. (NASDAQ:SBUX)

Retirement Planning Group LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 282.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,488 shares of the coffee company’s stock after acquiring an additional 9,219 shares during the period. Retirement Planning Group LLC’s holdings in Starbucks were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC acquired a new stake in Starbucks in the 4th quarter valued at $26,000. Collier Financial bought a new stake in Starbucks in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks during the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.7%

SBUX stock opened at $88.11 on Thursday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46. The company has a market cap of $100.13 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business’s fifty day moving average is $84.85 and its 200-day moving average is $95.35.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.90 billion. During the same period in the previous year, the company posted $0.68 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.61 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.77%. Starbucks’s dividend payout ratio (DPR) is currently 88.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBUX. Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Cowen lowered shares of Starbucks from a “buy” rating to a “hold” rating in a report on Thursday, May 29th. Wall Street Zen downgraded Starbucks from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, TD Securities reiterated a “hold” rating and issued a $90.00 price objective on shares of Starbucks in a research report on Thursday, May 29th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $97.92.

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.