Emprise Bank Buys 245 Shares of Starbucks Corporation $SBUX

Emprise Bank lifted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,042 shares of the coffee company’s stock after acquiring an additional 245 shares during the period. Emprise Bank’s holdings in Starbucks were worth $554,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Czech National Bank increased its position in shares of Starbucks by 6.5% during the second quarter. Czech National Bank now owns 277,776 shares of the coffee company’s stock worth $25,453,000 after acquiring an additional 16,878 shares in the last quarter. Chemistry Wealth Management LLC increased its position in shares of Starbucks by 2.7% during the second quarter. Chemistry Wealth Management LLC now owns 8,697 shares of the coffee company’s stock worth $797,000 after acquiring an additional 228 shares in the last quarter. Atlas Brown Inc. increased its position in shares of Starbucks by 4.3% during the second quarter. Atlas Brown Inc. now owns 6,031 shares of the coffee company’s stock worth $553,000 after acquiring an additional 246 shares in the last quarter. Webster Bank N. A. increased its position in shares of Starbucks by 32.7% during the second quarter. Webster Bank N. A. now owns 995 shares of the coffee company’s stock worth $91,000 after acquiring an additional 245 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its position in shares of Starbucks by 29.4% during the second quarter. Canandaigua National Bank & Trust Co. now owns 9,711 shares of the coffee company’s stock worth $890,000 after acquiring an additional 2,207 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on shares of Starbucks from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Robert W. Baird upgraded shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Jefferies Financial Group lowered 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. Finally, Baird R W upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Starbucks Price Performance

Shares of SBUX opened at $82.68 on Tuesday. The firm has a 50-day moving average of $90.23 and a 200-day moving average of $90.24. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The company has a market cap of $93.98 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.00.

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

Starbucks Announces Dividend

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