WoodTrust Financial Corp Has $7.25 Million Stock Holdings in Starbucks Corporation $SBUX

WoodTrust Financial Corp lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,149 shares of the coffee company’s stock after purchasing an additional 2,409 shares during the period. Starbucks accounts for 0.8% of WoodTrust Financial Corp’s portfolio, making the stock its 29th largest holding. WoodTrust Financial Corp’s holdings in Starbucks were worth $7,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliance Wealth Advisors LLC lifted its position in shares of Starbucks by 2.1% during the second quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company’s stock worth $474,000 after purchasing an additional 108 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in Starbucks by 1.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,293 shares of the coffee company’s stock valued at $760,000 after purchasing an additional 117 shares during the last quarter. Diligent Investors LLC grew its stake in Starbucks by 1.9% in the second quarter. Diligent Investors LLC now owns 6,132 shares of the coffee company’s stock valued at $562,000 after purchasing an additional 117 shares during the last quarter. Ted Buchan & Co grew its stake in shares of Starbucks by 1.5% during the first quarter. Ted Buchan & Co now owns 8,066 shares of the coffee company’s stock worth $791,000 after acquiring an additional 120 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. grew its stake in shares of Starbucks by 3.5% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 3,561 shares of the coffee company’s stock worth $349,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $81.29 on Wednesday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The business has a 50-day moving average of $87.09 and a two-hundred day moving average of $88.30. The firm has a market capitalization of $92.40 billion, a PE ratio of 35.04, a P/E/G ratio of 4.05 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same period in the previous year, the company earned $0.93 EPS. Starbucks’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.1%. This is a boost from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio is 105.17%.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research reports. CICC Research assumed coverage on Starbucks in a report on Monday, June 30th. They set an “outperform” rating and a $100.00 target price for the company. Citigroup reduced their price objective on Starbucks from $100.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, July 30th. Sanford C. Bernstein upped their target price on Starbucks from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Guggenheim increased their price target on Starbucks from $79.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and raised their target price for the company from $100.00 to $115.00 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.