Starbucks Corporation $SBUX Position Boosted by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. lifted its stake in Starbucks Corporation (NASDAQ:SBUX) by 497.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,381 shares of the coffee company’s stock after purchasing an additional 1,150 shares during the quarter. Decker Retirement Planning Inc.’s holdings in Starbucks were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Game Plan Financial Advisors LLC purchased a new stake in Starbucks in the 2nd quarter worth approximately $25,000. Chelsea Counsel Co. acquired a new position in shares of Starbucks in the second quarter worth $26,000. Hughes Financial Services LLC purchased a new stake in shares of Starbucks during the first quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in Starbucks during the first quarter valued at $29,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SBUX shares. Morgan Stanley set a $105.00 target price on Starbucks and gave the stock an “overweight” rating in a research report on Monday, October 20th. Piper Sandler cut their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Bank of America lifted their target price on shares of Starbucks from $101.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company set a $100.00 target price on shares of Starbucks and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Finally, Mizuho upgraded shares of Starbucks to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.50.

Starbucks Stock Up 4.1%

NASDAQ:SBUX opened at $85.57 on Friday. The company’s 50 day moving average is $83.92 and its 200-day moving average is $87.46. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The firm has a market cap of $97.27 billion, a price-to-earnings ratio of 52.18, a P/E/G ratio of 4.28 and a beta of 1.02.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, October 29th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm 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%.Starbucks’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Research analysts predict that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a $0.62 dividend. This is an increase from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th. Starbucks’s dividend payout ratio (DPR) is 151.22%.

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.