Starbucks Corporation $SBUX Stock Holdings Decreased by Savant Capital LLC

Savant Capital LLC lessened its stake in Starbucks Corporation (NASDAQ:SBUX) by 8.9% during the second quarter, HoldingsChannel.com reports. The firm owned 38,305 shares of the coffee company’s stock after selling 3,733 shares during the period. Savant Capital LLC’s holdings in Starbucks were worth $3,510,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after acquiring an additional 81,952 shares during the last quarter. Ballentine Partners LLC lifted its stake in Starbucks by 12.7% during the first quarter. Ballentine Partners LLC now owns 19,462 shares of the coffee company’s stock worth $1,909,000 after purchasing an additional 2,193 shares during the last quarter. BankPlus Trust Department boosted its holdings in Starbucks by 297.3% in the first quarter. BankPlus Trust Department now owns 882 shares of the coffee company’s stock worth $87,000 after purchasing an additional 660 shares during the period. Schechter Investment Advisors LLC boosted its holdings in Starbucks by 59.3% in the first quarter. Schechter Investment Advisors LLC now owns 14,754 shares of the coffee company’s stock worth $1,447,000 after purchasing an additional 5,492 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Starbucks by 5.7% during the first quarter. Stephens Inc. AR now owns 69,388 shares of the coffee company’s stock worth $6,806,000 after purchasing an additional 3,755 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SBUX shares. Bank of America raised their price target on shares of Starbucks from $101.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research note on Wednesday, October 8th. Guggenheim raised their target price on shares of Starbucks from $79.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Mizuho upgraded Starbucks to a “hold” rating in a research note on Tuesday, October 28th. Finally, Zacks Research raised Starbucks from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.50.

Starbucks Stock Up 4.1%

Starbucks stock opened at $85.57 on Monday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The firm has a market capitalization of $97.27 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 4.28 and a beta of 1.02. The firm has a 50-day moving average price of $83.92 and a two-hundred day moving average price of $87.54.

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

Starbucks Increases Dividend

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

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.