Bryn Mawr Trust Advisors LLC Acquires 5,186 Shares of Starbucks Corporation $SBUX

Bryn Mawr Trust Advisors LLC boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 32.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,387 shares of the coffee company’s stock after purchasing an additional 5,186 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Starbucks were worth $1,960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Game Plan Financial Advisors LLC acquired a new stake in shares of Starbucks in the second quarter valued at about $25,000. Chelsea Counsel Co. bought a new stake in Starbucks in the second quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new stake in Starbucks in the first quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its position in Starbucks by 125.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $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 approximately $29,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 4.1%

SBUX opened at $85.57 on Friday. The company has a fifty day moving average price of $83.92 and a two-hundred day moving average price of $87.46. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The company has a market cap of $97.27 billion, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last issued its earnings results 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 firm had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. This is a boost from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. Starbucks’s payout ratio is 151.22%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Starbucks in a research note on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Starbucks in a report on Thursday, October 30th. Barclays decreased their price target on Starbucks from $115.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Guggenheim boosted their price objective on Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, Baird R W upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.50.

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.