Vantage Investment Partners LLC Has $12.94 Million Holdings in Starbucks Corporation $SBUX

Vantage Investment Partners LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,268 shares of the coffee company’s stock after purchasing an additional 500 shares during the period. Vantage Investment Partners LLC’s holdings in Starbucks were worth $12,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SBUX. Napa Wealth Management acquired a new stake in shares of Starbucks during the 1st quarter worth approximately $1,435,000. Personal CFO Solutions LLC boosted its stake in Starbucks by 125.5% during the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company’s stock worth $908,000 after buying an additional 5,151 shares in the last quarter. First Manhattan CO. LLC. increased its holdings in Starbucks by 33.1% in the 1st quarter. First Manhattan CO. LLC. now owns 446,294 shares of the coffee company’s stock valued at $43,777,000 after buying an additional 111,015 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Starbucks in the 1st quarter valued at $998,000. Finally, Norden Group LLC lifted its holdings in shares of Starbucks by 66.1% during the 1st quarter. Norden Group LLC now owns 30,219 shares of the coffee company’s stock worth $2,964,000 after acquiring an additional 12,027 shares during the period. Institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $86.42 on Monday. The stock has a market cap of $98.23 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 4.25 and a beta of 1.01. The company has a 50 day moving average of $87.56 and a 200-day moving average of $88.46. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced 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). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors 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 dividend yield of 2.9%. This is a boost from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. Starbucks’s payout ratio is presently 105.17%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBUX. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Piper Sandler set a $105.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. UBS Group boosted their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, CICC Research initiated coverage on Starbucks in a research note on Monday, June 30th. They set an “outperform” rating and a $100.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Starbucks 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.