Roundview Capital LLC Lowers Holdings in Starbucks Corporation $SBUX

Roundview Capital LLC lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,031 shares of the coffee company’s stock after selling 196 shares during the period. Roundview Capital LLC’s holdings in Starbucks were worth $278,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Chelsea Counsel Co. acquired a new position in shares of Starbucks in the second quarter worth about $26,000. Hughes Financial Services LLC acquired a new position in shares of Starbucks in the first quarter worth about $27,000. CBIZ Investment Advisory Services LLC raised its position in shares of Starbucks by 125.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after acquiring an additional 159 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Starbucks in the first quarter worth about $29,000. Finally, Nova Wealth Management Inc. raised its position in shares of Starbucks by 285.4% in the first quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock worth $31,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Trading Down 1.5%

SBUX stock opened at $80.04 on Thursday. The company has a market cap of $90.98 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 4.01 and a beta of 1.01. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a 50-day moving average of $86.84 and a two-hundred day moving average of $88.25.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). The business had revenue of $9.46 billion during 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 revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, equities analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current 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 paid a $0.62 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. 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%. Starbucks’s dividend payout ratio is currently 105.17%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SBUX shares. Loop Capital set a $165.00 price objective on shares of Starbucks in a research report on Tuesday, August 12th. BTIG Research set a $105.00 price target on shares of Starbucks in a research report on Thursday, September 25th. UBS Group upped their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein upped their price target on shares of Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.00.

Starbucks Company 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.