GW Henssler & Associates Ltd. Acquires Shares of 146,124 Starbucks Corporation $SBUX

GW Henssler & Associates Ltd. acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 146,124 shares of the coffee company’s stock, valued at approximately $13,389,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC purchased a new stake in Starbucks in the second quarter valued at approximately $25,000. Chelsea Counsel Co. purchased a new stake in shares of Starbucks during the second quarter worth approximately $26,000. Hughes Financial Services LLC purchased a new stake in shares of Starbucks during the first quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Starbucks by 125.2% during the first 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 last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Starbucks during the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of SBUX stock opened at $78.46 on Friday. The business’s fifty day moving average price is $86.48 and its 200 day moving average price is $87.95. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The firm has a market capitalization of $89.19 billion, a PE ratio of 33.82, a P/E/G ratio of 3.87 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period in the prior year, the company earned $0.93 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.2%. 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. Starbucks’s dividend payout ratio is currently 105.17%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SBUX shares. BTIG Research set a $105.00 price target on Starbucks in a research note on Thursday, September 25th. Loop Capital set a $165.00 price target on Starbucks in a research note on Tuesday, August 12th. Royal Bank Of Canada upped their price target on Starbucks from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Guggenheim upped their price target on Starbucks from $79.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upped their price target on Starbucks from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and a consensus price target of $103.56.

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.