Winthrop Advisory Group LLC Acquires 1,115 Shares of Starbucks Corporation $SBUX

Winthrop Advisory Group LLC grew its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,224 shares of the coffee company’s stock after acquiring an additional 1,115 shares during the period. Winthrop Advisory Group LLC’s holdings in Starbucks were worth $937,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBUX. Lakeshore Capital Group Inc. increased its stake in Starbucks by 20.2% during the 2nd quarter. Lakeshore Capital Group Inc. now owns 7,547 shares of the coffee company’s stock valued at $692,000 after purchasing an additional 1,268 shares in the last quarter. REAP Financial Group LLC raised its stake in Starbucks by 119.4% during the 2nd quarter. REAP Financial Group LLC now owns 362 shares of the coffee company’s stock worth $33,000 after acquiring an additional 197 shares during the period. Sax Wealth Advisors LLC grew its position in shares of Starbucks by 71.3% during the second quarter. Sax Wealth Advisors LLC now owns 4,178 shares of the coffee company’s stock worth $383,000 after purchasing an additional 1,739 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Starbucks by 18.6% during the second quarter. Venturi Wealth Management LLC now owns 16,401 shares of the coffee company’s stock valued at $1,503,000 after acquiring an additional 2,576 shares in the last quarter. Finally, Shell Asset Management Co. grew its holdings in shares of Starbucks by 69.0% in the second quarter. Shell Asset Management Co. now owns 41,849 shares of the coffee company’s stock valued at $3,835,000 after purchasing an additional 17,092 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Down 1.0%

NASDAQ:SBUX opened at $81.29 on Wednesday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The company has a market capitalization of $92.40 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 4.05 and a beta of 1.01. The stock has a fifty day simple moving average of $87.09 and a 200-day simple moving average of $88.30.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current 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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. Starbucks’s dividend payout ratio (DPR) is presently 105.17%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SBUX shares. UBS Group boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Bank of America increased 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. Sanford C. Bernstein increased their price target on Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. BMO Capital Markets restated an “outperform” rating and issued a $115.00 price objective (up from $100.00) on shares of Starbucks in a research report on Wednesday, July 30th. Finally, CICC Research assumed coverage on shares of Starbucks in a research report on Monday, June 30th. They issued an “outperform” rating and a $100.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

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.