RFG Advisory LLC Has $1.12 Million Stake in Starbucks Corporation $SBUX

RFG Advisory LLC decreased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,207 shares of the coffee company’s stock after selling 124 shares during the period. RFG Advisory LLC’s holdings in Starbucks were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SBUX. Game Plan Financial Advisors LLC acquired a new stake in shares of Starbucks in the second quarter valued at approximately $25,000. Chelsea Counsel Co. acquired a new stake in shares of Starbucks in the second quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in shares of Starbucks in the first quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Starbucks by 125.2% in the first 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 in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Starbucks in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SBUX shares. Loop Capital set a $165.00 price target on shares of Starbucks in a report on Tuesday, August 12th. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and raised their price target for the company from $100.00 to $115.00 in a report on Tuesday, August 12th. Stifel Nicolaus raised their price target on shares of Starbucks from $92.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 11th. TD Cowen lowered their target price on shares of Starbucks from $88.00 to $84.00 and set a “hold” rating for the company in a report on Friday, October 10th. Finally, Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.76.

Starbucks Stock Up 1.8%

Shares of NASDAQ SBUX opened at $84.34 on Friday. The company’s fifty day moving average is $85.85 and its 200-day moving average is $87.57. The stock has a market cap of $95.87 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 4.10 and a beta of 1.01. Starbucks Corporation has a twelve month low of $75.50 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results 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). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. On average, research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.62 per share. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th. Starbucks’s payout ratio is 105.17%.

About Starbucks

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.