Astoria Portfolio Advisors LLC. Has $609,000 Stake in Starbucks Corporation $SBUX

Astoria Portfolio Advisors LLC. trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,497 shares of the coffee company’s stock after selling 167 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Starbucks were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SBUX. Brighton Jones LLC increased its holdings in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after buying an additional 81,952 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Starbucks by 21.9% in the first quarter. GAMMA Investing LLC now owns 20,591 shares of the coffee company’s stock valued at $2,020,000 after acquiring an additional 3,703 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in Starbucks in the first quarter valued at about $217,000. Wealth Enhancement Advisory Services LLC grew its position in Starbucks by 5.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,776 shares of the coffee company’s stock valued at $46,375,000 after acquiring an additional 25,809 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in Starbucks by 8.3% during the first quarter. Hennessy Advisors Inc. now owns 57,500 shares of the coffee company’s stock worth $5,640,000 after acquiring an additional 4,400 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBUX. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $100.00 to $115.00 in a report on Tuesday, August 12th. Loop Capital set a $165.00 target price on shares of Starbucks in a report on Tuesday, August 12th. Sanford C. Bernstein increased their target price on shares of Starbucks from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Baird R W upgraded shares of Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Starbucks from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $103.56.

Starbucks Stock Performance

NASDAQ:SBUX opened at $78.46 on Monday. The company has a market capitalization of $89.19 billion, a PE ratio of 33.82, a P/E/G ratio of 3.89 and a beta of 1.01. The company has a 50 day simple moving average of $86.48 and a two-hundred day simple moving average of $87.87. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data 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 company 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 business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Research analysts predict that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.62 per share. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.2%. Starbucks’s 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.