Capital Advisors Inc. OK Increases Stock Position in Starbucks Corporation $SBUX

Capital Advisors Inc. OK increased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 20.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,294 shares of the coffee company’s stock after buying an additional 550 shares during the period. Capital Advisors Inc. OK’s holdings in Starbucks were worth $302,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new stake in Starbucks during the 2nd quarter valued at approximately $26,000. Hughes Financial Services LLC purchased a new position in shares of Starbucks during the 1st quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its position in shares of Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after buying an additional 159 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Starbucks in the first quarter worth $29,000. Finally, Nova Wealth Management Inc. raised its holdings in Starbucks by 285.4% in the first quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $115.00 price objective (up from $100.00) on shares of Starbucks in a report on Wednesday, July 30th. Robert W. Baird raised Starbucks from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $100.00 to $115.00 in a report on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. CICC Research initiated coverage on Starbucks in a research report on Monday, June 30th. They issued an “outperform” rating and a $100.00 target price for the company. Finally, Loop Capital set a $165.00 price target on Starbucks in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Starbucks Stock Down 5.0%

Shares of SBUX stock opened at $82.11 on Tuesday. The company has a market cap of $93.33 billion, a P/E ratio of 35.39, a PEG ratio of 4.25 and a beta of 1.01. The business has a 50 day moving average of $87.33 and a two-hundred day moving average of $88.35. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46.

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 company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.62 per share. This is an increase from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 14th. Starbucks’s payout ratio is currently 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.