Roberts Glore & Co. Inc. IL Holds Position in Starbucks Corporation (SBUX)
Roberts Glore & Co. Inc. IL maintained its position in Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,425 shares of the coffee company’s stock at the close of the 2nd quarter. Roberts Glore & Co. Inc. IL’s holdings in Starbucks were worth $258,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. grew its stake in Starbucks by 1.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock worth $14,396,000 after buying an additional 13 shares during the period. Jacobi Capital Management LLC grew its stake in Starbucks by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the period. IHT Wealth Management LLC grew its stake in Starbucks by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the period. Valley National Advisers Inc. grew its stake in Starbucks by 2.8% during the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after buying an additional 57 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Starbucks during the second quarter worth approximately $128,000. Institutional investors own 71.07% of the company’s stock.
Several equities research analysts have issued reports on the stock. Stephens reiterated an “equal weight” rating and set a $52.00 price objective (down from $58.00) on shares of Starbucks in a research note on Friday, September 29th. They noted that the move was a valuation call. Cleveland Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 23rd. Credit Suisse Group reduced their target price on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets reissued a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. Finally, Zacks Investment Research raised shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.26.
Shares of Starbucks Corporation (NASDAQ:SBUX) opened at $58.61 on Friday. The stock has a market cap of $84,144.39, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.62 and a beta of 0.75. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks Corporation has a twelve month low of $52.58 and a twelve month high of $64.87.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. equities analysts predict that Starbucks Corporation will post 2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.05%. Starbucks’s dividend payout ratio is currently 60.91%.
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Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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