1,810 Shares in Starbucks Corporation $SBUX Acquired by Hilltop National Bank

Hilltop National Bank purchased a new stake in shares of Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,810 shares of the coffee company’s stock, valued at approximately $166,000.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in Starbucks by 86.5% in the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Starbucks by 16.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,310 shares of the coffee company’s stock valued at $521,000 after buying an additional 765 shares during the period. Vest Financial LLC lifted its position in Starbucks by 73.5% during the 1st quarter. Vest Financial LLC now owns 15,789 shares of the coffee company’s stock worth $1,549,000 after acquiring an additional 6,689 shares in the last quarter. Foster Group Inc. boosted its holdings in Starbucks by 14.9% in the 1st quarter. Foster Group Inc. now owns 3,314 shares of the coffee company’s stock worth $325,000 after acquiring an additional 429 shares during the period. Finally, SeaCrest Wealth Management LLC grew its position in Starbucks by 7.2% in the first quarter. SeaCrest Wealth Management LLC now owns 12,178 shares of the coffee company’s stock valued at $1,195,000 after acquiring an additional 823 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. BMO Capital Markets restated an “outperform” rating and issued a $115.00 price target (up from $100.00) on shares of Starbucks in a research report on Wednesday, July 30th. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Loop Capital set a $165.00 target price on shares of Starbucks in a report on Tuesday, August 12th. Finally, Robert W. Baird upgraded Starbucks from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $100.00 to $115.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Starbucks Stock Down 0.3%

Shares of Starbucks stock opened at $86.42 on Friday. The business has a fifty day simple moving average of $87.56 and a 200-day simple moving average of $88.53. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46. The firm has a market cap of $98.23 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 4.25 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Starbucks’s revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Starbucks Corporation will post 2.99 earnings per share 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 2.9%. Starbucks’s payout ratio is 105.17%.

About Starbucks

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.