Starbucks Corporation $SBUX Holdings Lifted by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. grew its position in Starbucks Corporation (NASDAQ:SBUX) by 78.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,199 shares of the coffee company’s stock after buying an additional 1,844 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Starbucks were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Starbucks by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 112,059,570 shares of the coffee company’s stock worth $10,991,923,000 after purchasing an additional 953,361 shares during the last quarter. Wellington Management Group LLP increased its stake in Starbucks by 22.3% during the 1st quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company’s stock valued at $1,904,366,000 after buying an additional 3,545,655 shares during the period. Nuveen LLC acquired a new position in Starbucks during the 1st quarter valued at about $1,379,619,000. Goldman Sachs Group Inc. increased its stake in Starbucks by 59.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company’s stock valued at $943,948,000 after buying an additional 3,589,537 shares during the period. Finally, Jennison Associates LLC acquired a new position in Starbucks during the 1st quarter valued at about $817,759,000. Institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

SBUX has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and set a $105.00 target price on shares of Starbucks in a research note on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of Starbucks from $92.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Barclays lowered their target price on shares of Starbucks from $115.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and raised their target price for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. Finally, Piper Sandler lowered their target price on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.50.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $79.60 on Wednesday. The stock has a market capitalization of $90.48 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 4.28 and a beta of 1.01. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $117.46. The company has a 50 day moving average price of $84.19 and a 200 day moving average price of $87.50.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. Starbucks had a negative return on equity of 31.84% and a net margin of 4.99%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. On average, sell-side analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, November 14th. This is a positive change from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 3.1%. Starbucks’s payout ratio is 151.22%.

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.