BT Investment Management Ltd acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 73,640 shares of the coffee company’s stock, valued at approximately $4,294,000.
Several other large investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in shares of Starbucks Corporation by 53.9% in the 2nd quarter. Amalgamated Bank now owns 167,202 shares of the coffee company’s stock valued at $9,750,000 after purchasing an additional 58,581 shares during the last quarter. Nicholas Company Inc. boosted its stake in shares of Starbucks Corporation by 0.3% in the 2nd quarter. Nicholas Company Inc. now owns 865,965 shares of the coffee company’s stock valued at $50,494,000 after purchasing an additional 2,655 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Starbucks Corporation by 799.8% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 70,111 shares of the coffee company’s stock valued at $4,088,000 after purchasing an additional 62,319 shares during the last quarter. Forbes J M & Co. LLP boosted its stake in shares of Starbucks Corporation by 42.7% in the 2nd quarter. Forbes J M & Co. LLP now owns 106,341 shares of the coffee company’s stock valued at $6,200,000 after purchasing an additional 31,814 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in shares of Starbucks Corporation by 5.4% in the 2nd quarter. KCM Investment Advisors LLC now owns 134,979 shares of the coffee company’s stock valued at $7,871,000 after purchasing an additional 6,935 shares during the last quarter. 71.49% of the stock is currently owned by institutional investors.
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In other news, Director Javier G. Teruel sold 62,966 shares of Starbucks Corporation stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total value of $3,627,471.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Mutty sold 3,000 shares of Starbucks Corporation stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total transaction of $170,850.00. Following the completion of the transaction, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The disclosure for this sale can be found here. Insiders sold 443,884 shares of company stock valued at $25,041,780 in the last quarter. Corporate insiders own 3.40% of the company’s stock.
Starbucks Corporation (NASDAQ SBUX) opened at $56.81 on Tuesday. The firm has a market cap of $81,880.00, a PE ratio of 27.50, a PEG ratio of 1.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. equities research analysts expect that Starbucks Corporation will post 2.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be paid a $0.30 dividend. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.11%. Starbucks Corporation’s dividend payout ratio (DPR) is presently 60.91%.
A number of equities research analysts have recently commented on SBUX shares. Jefferies Group LLC reaffirmed an “average” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a research note on Friday, July 28th. UBS AG set a $67.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. BTIG Research reissued a “buy” rating and set a $64.00 target price on shares of Starbucks Corporation in a research note on Sunday, July 30th. Bank of America Corporation reissued a “buy” rating and set a $65.00 target price (down from $66.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, Instinet reissued a “buy” rating and set a $67.00 target price (down from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Twelve investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $63.31.
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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