HORAN Wealth LLC Takes Position in Starbucks Corporation $SBUX

HORAN Wealth LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,287 shares of the coffee company’s stock, valued at approximately $210,000.

Other hedge funds have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC acquired a new position in shares of Starbucks in the second quarter valued at approximately $25,000. Chelsea Counsel Co. acquired a new stake in shares of Starbucks during the second quarter worth $26,000. Hughes Financial Services LLC bought a new stake in Starbucks in the 1st quarter valued at $27,000. CBIZ Investment Advisory Services LLC boosted its stake in Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after purchasing an additional 159 shares during the period. Finally, McClarren Financial Advisors Inc. bought a new position in Starbucks during the 1st quarter worth about $29,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Down 0.8%

NASDAQ:SBUX opened at $82.22 on Friday. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46. The firm has a market capitalization of $93.46 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02. The stock’s 50 day moving average price is $83.98 and its two-hundred day moving average price is $87.43.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Starbucks had a net margin of 4.99% and a negative return on equity of 31.84%. The company had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the company posted $0.80 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. Starbucks’s payout ratio is 151.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Guggenheim boosted their price target on Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, October 8th. Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $100.00 price target on shares of Starbucks and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Starbucks in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.50.

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.