Aldebaran Financial Inc. cut its stake in Starbucks Corporation (NASDAQ:SBUX) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,359 shares of the coffee company’s stock after selling 398 shares during the period. Starbucks Corporation makes up about 1.8% of Aldebaran Financial Inc.’s holdings, making the stock its 18th largest position. Aldebaran Financial Inc.’s holdings in Starbucks Corporation were worth $2,357,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SBUX. Nadler Financial Group Inc. increased its position in Starbucks Corporation by 4.8% in the first quarter. Nadler Financial Group Inc. now owns 4,411 shares of the coffee company’s stock valued at $258,000 after buying an additional 201 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in Starbucks Corporation by 120.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 49,148 shares of the coffee company’s stock valued at $2,870,000 after buying an additional 26,819 shares during the last quarter. Vista Capital Partners Inc. increased its position in Starbucks Corporation by 0.9% in the first quarter. Vista Capital Partners Inc. now owns 21,320 shares of the coffee company’s stock valued at $1,245,000 after buying an additional 200 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Starbucks Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 450,998 shares of the coffee company’s stock valued at $26,333,000 after buying an additional 5,620 shares during the last quarter. Finally, Union Bankshares Corp acquired a new position in Starbucks Corporation during the first quarter valued at $204,000. Institutional investors and hedge funds own 69.98% of the company’s stock.
Shares of Starbucks Corporation (SBUX) traded down 0.500% during trading on Friday, hitting $52.775. The stock had a trading volume of 3,397,158 shares. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The stock has a market cap of $76.20 billion, a price-to-earnings ratio of 26.641 and a beta of 0.80. The company’s 50 day moving average price is $56.48 and its 200 day moving average price is $58.15.
Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Starbucks Corporation’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, August 8th. Starbucks Corporation’s payout ratio is 50.76%.
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Several research analysts have weighed in on SBUX shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $65.00 price target on shares of Starbucks Corporation in a research note on Thursday, April 20th. Zacks Investment Research downgraded Starbucks Corporation from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. OTR Global downgraded Starbucks Corporation to a “positive” rating in a research note on Tuesday, April 25th. UBS AG set a $70.00 price target on Starbucks Corporation and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Finally, Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $63.91 price target for the company. in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $64.93.
In other news, Director Jorgen Vig Knudstorp bought 18,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of $55.30 per share, with a total value of $995,400.00. Following the purchase, the director now owns 18,000 shares in the company, valued at $995,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now directly owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Starbucks Corporation Company Profile
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.
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