LVM Capital Management Ltd. MI Sells 3,385 Shares of Starbucks Corporation $SBUX

LVM Capital Management Ltd. MI reduced its stake in Starbucks Corporation (NASDAQ:SBUX) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,885 shares of the coffee company’s stock after selling 3,385 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Starbucks were worth $4,388,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Starbucks in the 4th quarter valued at $25,000. Hughes Financial Services LLC bought a new stake in Starbucks in the 1st quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its stake in Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after buying an additional 159 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Starbucks during the 1st quarter worth about $29,000. Finally, Nova Wealth Management Inc. lifted its position in Starbucks by 285.4% during the 1st quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company’s stock worth $31,000 after buying an additional 234 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

SBUX has been the topic of several analyst reports. TD Securities reissued a “hold” rating and set a $90.00 price target on shares of Starbucks in a research report on Monday, June 23rd. Barclays increased their price target on Starbucks from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Jefferies Financial Group cut Starbucks from a “hold” rating to an “underperform” rating and set a $76.00 price target for the company. in a research report on Thursday, July 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $95.00 price target (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Finally, Guggenheim increased their price target on Starbucks from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Starbucks Price Performance

Starbucks stock opened at $81.90 on Friday. The firm has a market capitalization of $93.10 billion, a PE ratio of 35.30, a P/E/G ratio of 4.92 and a beta of 1.00. The company’s 50-day moving average is $90.45 and its 200-day moving average is $90.79. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.61 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a yield of 3.0%. Starbucks’s dividend payout ratio is 105.17%.

Starbucks Company Profile

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.