Starbucks Corporation $SBUX Shares Purchased by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,014 shares of the coffee company’s stock after acquiring an additional 210 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Starbucks were worth $1,376,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX. Brighton Jones LLC boosted its stake in Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Starbucks in the 4th quarter valued at about $710,000. Rafferty Asset Management LLC raised its holdings in Starbucks by 16.7% in the 4th quarter. Rafferty Asset Management LLC now owns 251,470 shares of the coffee company’s stock valued at $22,947,000 after buying an additional 35,983 shares during the period. Shellback Capital LP purchased a new stake in Starbucks during the fourth quarter worth about $7,300,000. Finally, Steadfast Capital Management LP purchased a new stake in Starbucks during the fourth quarter worth about $211,970,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SBUX. The Goldman Sachs Group reiterated a “neutral” rating and set a $95.00 price target (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Loop Capital set a $165.00 price target on shares of Starbucks in a research note on Tuesday, August 12th. Stifel Nicolaus raised their target price on shares of Starbucks from $92.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Bank of America lifted their price objective on shares of Starbucks from $101.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Starbucks Stock Down 0.6%

NASDAQ:SBUX opened at $81.90 on Friday. The company has a market capitalization of $93.10 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.92 and a beta of 1.00. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The stock has a fifty day simple moving average of $90.45 and a 200-day simple moving average of $90.79.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 15th. Starbucks’s dividend payout ratio (DPR) is currently 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.