Mendel Capital Management LLC Has $548,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Mendel Capital Management LLC increased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 6.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,620 shares of the coffee company’s stock after purchasing an additional 326 shares during the quarter. Mendel Capital Management LLC’s holdings in Starbucks were worth $548,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Quent Capital LLC lifted its stake in Starbucks by 9.6% in the first quarter. Quent Capital LLC now owns 4,389 shares of the coffee company’s stock valued at $401,000 after buying an additional 385 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Starbucks by 4.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 3,419 shares of the coffee company’s stock valued at $312,000 after acquiring an additional 150 shares during the period. PYA Waltman Capital LLC boosted its stake in Starbucks by 9.1% during the 1st quarter. PYA Waltman Capital LLC now owns 8,578 shares of the coffee company’s stock worth $784,000 after acquiring an additional 719 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in Starbucks during the first quarter valued at approximately $9,139,000. Finally, Lake Street Advisors Group LLC increased its stake in Starbucks by 365.7% in the first quarter. Lake Street Advisors Group LLC now owns 46,255 shares of the coffee company’s stock valued at $4,227,000 after purchasing an additional 36,322 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance

Shares of SBUX stock opened at $98.42 on Monday. The company has a market capitalization of $111.53 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.85 and a beta of 0.97. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $107.66. The company has a 50-day simple moving average of $96.75 and a 200 day simple moving average of $86.26.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. Sell-side analysts forecast that Starbucks Co. will post 3.15 EPS for the current year.

Starbucks Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 2.48%. Starbucks’s dividend payout ratio (DPR) is currently 68.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SBUX shares. Morgan Stanley boosted their price target on shares of Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Royal Bank of Canada began coverage on Starbucks in a report on Friday. They issued an “outperform” rating and a $115.00 price target for the company. Wedbush dropped their price target on Starbucks from $98.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Starbucks from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Redburn Atlantic restated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.81.

Insider Activity at Starbucks

In other news, Director Jorgen Vig Knudstorp bought 380 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares in the company, valued at $3,316,143. This represents a 1.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.98% of the stock is currently owned by corporate insiders.

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.