Teachers Advisors LLC Decreases Stake in Starbucks Corporation (SBUX)

Teachers Advisors LLC reduced its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,392,719 shares of the coffee company’s stock after selling 151,513 shares during the quarter. Teachers Advisors LLC owned approximately 0.23% of Starbucks Corporation worth $197,829,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SBUX. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Starbucks Corporation by 12.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after buying an additional 10,250 shares during the last quarter. Geneva Advisors LLC boosted its holdings in shares of Starbucks Corporation by 2.3% in the 2nd quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after buying an additional 63,041 shares during the last quarter. Regent Investment Management LLC boosted its holdings in shares of Starbucks Corporation by 6.8% in the 2nd quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock valued at $273,000 after buying an additional 300 shares during the last quarter. Private Vista LLC boosted its holdings in shares of Starbucks Corporation by 3,334.9% in the 2nd quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after buying an additional 213,303 shares during the last quarter. Finally, Welch Group LLC acquired a new stake in shares of Starbucks Corporation in the 2nd quarter valued at approximately $406,000. 72.01% of the stock is owned by institutional investors.

Starbucks Corporation (NASDAQ SBUX) opened at $56.93 on Friday. Starbucks Corporation has a 12-month low of $52.58 and a 12-month high of $64.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The stock has a market capitalization of $82,650.00, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. equities research analysts forecast that Starbucks Corporation will post 2.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, November 15th. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s payout ratio is currently 60.91%.

Several equities research analysts have recently commented on the company. UBS AG set a $64.00 price objective on Starbucks Corporation and gave the company a “buy” rating in a report on Wednesday. Vetr raised Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.12 price objective for the company in a report on Tuesday. Morgan Stanley increased their price objective on Starbucks Corporation from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 10th. Credit Suisse Group reissued a “buy” rating on shares of Starbucks Corporation in a report on Monday, November 6th. Finally, Deutsche Bank AG cut their price objective on Starbucks Corporation to $62.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Twelve analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $63.31.

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In other news, insider Howard D. Schultz sold 290,176 shares of Starbucks Corporation stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the sale, the insider now directly owns 29,872,564 shares of the company’s stock, valued at $1,703,632,324.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 443,884 shares of company stock worth $25,041,780. 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.

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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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