Northern Financial Advisors Inc Has $476,000 Stock Position in Starbucks Corporation $SBUX

Northern Financial Advisors Inc lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,194 shares of the coffee company’s stock after selling 128 shares during the quarter. Northern Financial Advisors Inc’s holdings in Starbucks were worth $476,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PUREfi Wealth LLC acquired a new stake in Starbucks in the second quarter valued at $286,000. Napa Wealth Management acquired a new stake in Starbucks during the 1st quarter valued at $1,435,000. Personal CFO Solutions LLC lifted its holdings in Starbucks by 125.5% during the 1st quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company’s stock valued at $908,000 after purchasing an additional 5,151 shares during the last quarter. First Manhattan CO. LLC. lifted its holdings in Starbucks by 33.1% during the 1st quarter. First Manhattan CO. LLC. now owns 446,294 shares of the coffee company’s stock valued at $43,777,000 after purchasing an additional 111,015 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Starbucks during the 1st quarter valued at $998,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $81.29 on Wednesday. Starbucks Corporation has a 52 week low of $75.50 and a 52 week high of $117.46. The stock has a market capitalization of $92.40 billion, a P/E ratio of 35.04, a PEG ratio of 4.05 and a beta of 1.01. The stock’s fifty day moving average is $87.09 and its 200 day moving average is $88.30.

Starbucks (NASDAQ:SBUX) last released its earnings results 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 net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.62 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, November 14th. Starbucks’s dividend payout ratio (DPR) is presently 105.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SBUX shares. Loop Capital set a $165.00 target price on shares of Starbucks in a research report on Tuesday, August 12th. Barclays boosted their target price on shares of Starbucks from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Saturday, September 27th. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Finally, Guggenheim boosted their target price on shares of Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.00.

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.