Decker Retirement Planning Inc. Has $127,000 Stock Position in Starbucks Corporation $SBUX

Decker Retirement Planning Inc. increased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 497.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,381 shares of the coffee company’s stock after acquiring an additional 1,150 shares during the quarter. Decker Retirement Planning Inc.’s holdings in Starbucks were worth $127,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC bought a new position in shares of Starbucks during the 2nd quarter worth about $25,000. Hughes Financial Services LLC acquired a new stake in Starbucks during the first quarter worth about $27,000. Chelsea Counsel Co. acquired a new stake in Starbucks during the second quarter worth about $26,000. CBIZ Investment Advisory Services LLC increased its stake in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 159 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in Starbucks in the 1st quarter valued at approximately $29,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Up 4.1%

Shares of SBUX stock opened at $85.57 on Friday. The company has a market capitalization of $97.27 billion, a P/E ratio of 52.18, a P/E/G ratio of 4.28 and a beta of 1.02. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The firm has a 50-day moving average price of $83.92 and a 200 day moving average price of $87.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.Starbucks’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 earnings per share. As a group, 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. Investors of record on Friday, November 14th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s payout ratio is 151.22%.

Analysts Set New Price Targets

A number of analysts have commented on SBUX shares. Morgan Stanley set a $105.00 price objective on Starbucks and gave the stock an “overweight” rating in a research report on Monday, October 20th. Bank of America upped their target price on Starbucks from $101.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Jefferies Financial Group downgraded shares of Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target on the stock. in a research note on Thursday, July 17th. Royal Bank Of Canada set a $100.00 price objective on shares of Starbucks and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $100.00 to $115.00 in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

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.