Starbucks Corporation $SBUX Shares Sold by Samjo Management LLC

Samjo Management LLC decreased its position in Starbucks Corporation (NASDAQ:SBUX) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,070 shares of the coffee company’s stock after selling 650 shares during the quarter. Samjo Management LLC’s holdings in Starbucks were worth $1,282,000 at the end of the most recent reporting period.

Other 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 in the 4th quarter valued at about $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. bought a new stake in Starbucks during the first quarter worth approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in Starbucks in the fourth quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Starbucks in the fourth quarter worth approximately $41,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $88.38 on Friday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The business’s 50-day moving average price is $92.49 and its two-hundred day moving average price is $93.54. The company has a market capitalization of $100.46 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 5.26 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 15th. Starbucks’s dividend payout ratio (DPR) is 105.17%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SBUX shares. Stifel Nicolaus raised their price objective on Starbucks from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wall Street Zen cut Starbucks from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. UBS Group upped their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Bank of America raised their price objective on Starbucks from $101.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, TD Securities reiterated a “hold” rating and issued a $90.00 target price on shares of Starbucks in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.40.

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.