First Personal Financial Services Acquires 1,922 Shares of Starbucks Corporation (NASDAQ:SBUX)

First Personal Financial Services raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 10.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,751 shares of the coffee company’s stock after buying an additional 1,922 shares during the period. First Personal Financial Services’ holdings in Starbucks Corporation were worth $1,212,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Banco Santander S.A. acquired a new stake in Starbucks Corporation during the fourth quarter valued at approximately $3,069,000. Israel Discount Bank of New York GFN acquired a new stake in Starbucks Corporation during the fourth quarter valued at approximately $694,000. Regent Investment Management LLC acquired a new stake in Starbucks Corporation during the first quarter valued at approximately $256,000. GLG LLC increased its stake in Starbucks Corporation by 6.8% in the fourth quarter. GLG LLC now owns 82,121 shares of the coffee company’s stock valued at $4,559,000 after buying an additional 5,220 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Starbucks Corporation by 46.8% in the first quarter. Baystate Wealth Management LLC now owns 3,802 shares of the coffee company’s stock valued at $219,000 after buying an additional 1,212 shares during the last quarter. 69.55% of the stock is owned by institutional investors.

Shares of Starbucks Corporation (NASDAQ SBUX) opened at 58.11 on Thursday. The company has a market cap of $84.15 billion, a price-to-earnings ratio of 28.74 and a beta of 0.82. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The company’s 50-day moving average is $60.10 and its 200-day moving average is $58.51.

Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Starbucks Corporation had a net margin of 13.47% and a return on equity of 51.65%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities research analysts predict that Starbucks Corporation will post $2.10 earnings per share for the current year.

SBUX has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $66.00 target price on shares of Starbucks Corporation in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and set a $65.00 target price on shares of Starbucks Corporation in a research report on Friday, May 12th. Zacks Investment Research downgraded shares of Starbucks Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Deutsche Bank AG reissued a “hold” rating and set a $59.00 target price on shares of Starbucks Corporation in a research report on Tuesday, April 11th. Finally, Vetr downgraded shares of Starbucks Corporation from a “buy” rating to a “hold” rating and set a $63.91 target price for the company. in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company’s stock. Starbucks Corporation presently has a consensus rating of “Buy” and a consensus target price of $65.64.

In other news, insider Clifford Burrows sold 114,826 shares of Starbucks Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the sale, the insider now owns 363,343 shares in the company, valued at $21,604,374.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Myron E. Ullman III sold 10,000 shares of Starbucks Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total transaction of $606,300.00. Following the sale, the director now owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,826 shares of company stock worth $8,642,454. Company insiders own 3.40% of the company’s stock.

About Starbucks Corporation

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.