醫生金融服務公司增持星巴克股份(納斯達克代碼：SBUX)

Physicians Financial Services Inc. raised its position in Starbucks Co. (NASDAQ:SBUX – Get Rating) by 6.2% during the first quarter, HoldingsChannel reports. The firm owned 8,537 shares of the coffee company's stock after purchasing an additional 500 shares during the period. Physicians Financial Services Inc.'s holdings in Starbucks were worth $777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Pettyjohn Wood & White Inc. lifted its holdings in Starbucks by 44.1% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 25,882 shares of the coffee company's stock valued at $2,354,000 after purchasing an additional 7,920 shares in the last quarter. Coerente Capital Management lifted its holdings in Starbucks by 10.3% in the 1st quarter. Coerente Capital Management now owns 195,196 shares of the coffee company's stock valued at $17,756,000 after purchasing an additional 18,177 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in Starbucks by 12.2% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 10,640 shares of the coffee company's stock valued at $968,000 after purchasing an additional 1,161 shares in the last quarter. CVA Family Office LLC lifted its holdings in Starbucks by 16.8% in the 1st quarter. CVA Family Office LLC now owns 3,439 shares of the coffee company's stock valued at $313,000 after purchasing an additional 495 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in Starbucks by 26.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 19,845 shares of the coffee company's stock valued at $1,805,000 after purchasing an additional 4,141 shares in the last quarter. Institutional investors own 69.21% of the company's stock.

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A number of research analysts have weighed in on the company. BMO Capital Markets decreased their price objective on Starbucks from $115.00 to $105.00 in a report on Wednesday, May 4th. Citigroup decreased their price objective on Starbucks from $91.00 to $76.00 in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on Starbucks from $116.00 to $103.00 in a research note on Monday, May 9th. Cowen cut their target price on Starbucks from $115.00 to $94.00 in a research note on Wednesday, May 4th. Finally, MKM Partners cut their target price on Starbucks from $105.00 to $98.00 in a research note on Wednesday, May 4th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Starbucks presently has an average rating of "Hold" and an average price target of $102.72.

In related news, CEO Howard D. Schultz acquired 72,500 shares of the firm's stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of $68.85 per share, for a total transaction of $4,991,625.00. Following the purchase, the chief executive officer now owns 19,606,960 shares of the company's stock, valued at approximately $1,349,939,196. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Howard D. Schultz acquired 137,500 shares of the firm's stock in a transaction dated Tuesday, May 10th. The stock was bought at an average price of $72.67 per share, with a total value of $9,992,125.00. Following the purchase, the chief executive officer now directly owns 19,534,460 shares in the company, valued at approximately $1,419,569,208.20. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company's stock.

NASDAQ SBUX opened at $79.26 on Tuesday. The company has a market cap of $90.90 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.33 and a beta of 0.93. The stock has a 50-day moving average of $75.21 and a two-hundred day moving average of $87.44. Starbucks Co. has a 1-year low of $68.39 and a 1-year high of $126.32.

Starbucks (NASDAQ:SBUX – Get Rating) last released its earnings results on Tuesday, May 3rd. The coffee company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The firm had revenue of $7.64 billion during the quarter, compared to analyst estimates of $7.60 billion. Starbucks had a net margin of 14.07% and a negative return on equity of 53.43%. The business's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, August 11th. Starbucks's dividend payout ratio is currently 52.55%.

About Starbucks (Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

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