Starbucks Co. (NASDAQ:SBUX) Holdings Lifted by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC boosted its holdings in Starbucks Co. (NASDAQ:SBUX) by 3.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 16,349 shares of the coffee company’s stock after purchasing an additional 596 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Starbucks were worth $1,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBUX. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of Starbucks by 7.1% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 69,743 shares of the coffee company’s stock worth $6,841,000 after purchasing an additional 4,631 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in Starbucks by 70.1% during the first quarter. Radnor Capital Management LLC now owns 18,545 shares of the coffee company’s stock worth $1,819,000 after buying an additional 7,640 shares in the last quarter. Pines Wealth Management LLC grew its position in Starbucks by 19.0% in the first quarter. Pines Wealth Management LLC now owns 3,229 shares of the coffee company’s stock worth $317,000 after buying an additional 515 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in Starbucks by 7.2% in the first quarter. SeaCrest Wealth Management LLC now owns 12,178 shares of the coffee company’s stock worth $1,195,000 after buying an additional 823 shares during the last quarter. Finally, Procyon Advisors LLC increased its holdings in shares of Starbucks by 13.2% in the first quarter. Procyon Advisors LLC now owns 43,048 shares of the coffee company’s stock valued at $4,223,000 after buying an additional 5,028 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SBUX shares. JPMorgan Chase & Co. reduced their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Baird R W downgraded Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Citigroup decreased their price target on Starbucks from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.92.

Starbucks Stock Up 3.0%

Starbucks stock opened at $89.64 on Friday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market cap of $101.87 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.59 and a beta of 1.00. The company’s fifty day simple moving average is $84.45 and its 200-day simple moving average is $95.19.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. During the same quarter last year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.61 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.72%. Starbucks’s payout ratio is 88.41%.

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.