Intl Fcstone Inc. Boosts Stake in Starbucks Corporation (SBUX)

Intl Fcstone Inc. grew its holdings in shares of Starbucks Corporation (NASDAQ:SBUX) by 131.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,790 shares of the coffee company’s stock after purchasing an additional 15,219 shares during the period. Intl Fcstone Inc.’s holdings in Starbucks were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC boosted its holdings in shares of Starbucks by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Starbucks by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after buying an additional 57 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Starbucks in the second quarter worth about $128,000. Finally, Kings Point Capital Management boosted its holdings in shares of Starbucks by 22.5% in the first quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock worth $135,000 after buying an additional 425 shares during the period. Institutional investors own 71.07% of the company’s stock.

In related news, Director Javier G. Teruel sold 62,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares in the company, valued at approximately $3,214,662.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 497,808 shares of company stock worth $28,559,521. Insiders own 3.40% of the company’s stock.

Several analysts recently commented on the stock. Robert W. Baird decreased their price target on shares of Starbucks from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Mizuho restated a “buy” rating and set a $75.00 price target on shares of Starbucks in a report on Friday, September 29th. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price target for the company. in a report on Monday, November 13th. Sanford C. Bernstein restated an “outperform” rating and set a $67.00 price target on shares of Starbucks in a report on Wednesday, August 23rd. Finally, Credit Suisse Group decreased their price target on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.26.

Starbucks Corporation (NASDAQ SBUX) opened at $59.70 on Friday. The firm has a market cap of $84,642.38, a P/E ratio of 28.74, a P/E/G ratio of 1.63 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks Corporation has a 52-week low of $52.58 and a 52-week high of $64.87.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, November 15th. This is a positive change from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s dividend payout ratio (DPR) is presently 60.91%.

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

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