Starbucks Corporation (NASDAQ:SBUX) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management decreased its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,086 shares of the coffee company’s stock after selling 539 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Starbucks were worth $597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Hughes Financial Services LLC purchased a new position in Starbucks in the first quarter valued at approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in Starbucks in the fourth quarter valued at approximately $32,000. Ball & Co Wealth Management Inc. acquired a new stake in Starbucks during the fourth quarter worth approximately $41,000. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Starbucks during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.8%

Shares of SBUX stock opened at $94.42 on Monday. The stock has a 50 day simple moving average of $91.05 and a 200-day simple moving average of $94.66. The company has a market cap of $107.30 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 6.55 and a beta of 1.02. Starbucks Corporation has a 12-month low of $72.72 and a 12-month high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.61 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.58%. Starbucks’s dividend payout ratio is presently 88.41%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SBUX. Citigroup restated a “neutral” rating and issued a $100.00 target price (up previously from $95.00) on shares of Starbucks in a report on Monday, July 14th. Wall Street Zen downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their target price on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. Robert W. Baird reissued a “neutral” rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a report on Monday, April 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $95.00 price target (up previously from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.58.

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.