Cambridge Trust Co. Decreases Holdings in Starbucks Co. (NASDAQ:SBUX)

Cambridge Trust Co. cut its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 291,790 shares of the coffee company’s stock after selling 4,453 shares during the quarter. Cambridge Trust Co.’s holdings in Starbucks were worth $15,672,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SBUX. Middleton & Co Inc MA grew its stake in Starbucks by 11.8% in the 3rd quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after acquiring an additional 10,458 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Starbucks by 29.7% during the 2nd quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock worth $1,586,000 after purchasing an additional 6,225 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Starbucks by 12.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock worth $5,388,000 after purchasing an additional 10,250 shares during the last quarter. Geneva Advisors LLC boosted its stake in shares of Starbucks by 2.3% during the 2nd quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock worth $160,390,000 after purchasing an additional 63,041 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Starbucks by 3,076.5% during the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after purchasing an additional 13,452,551 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

SBUX has been the topic of several analyst reports. UBS Group decreased their price target on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Mizuho set a $75.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley raised their price target on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target on the stock. in a research note on Thursday, November 2nd. Finally, Deutsche Bank decreased their price target on shares of Starbucks to $62.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.23.

In other news, Director Joshua Cooper Ramo sold 60,000 shares of Starbucks stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total transaction of $3,565,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Craig Weatherup sold 56,666 shares of Starbucks 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 sale, the director now owns 56,666 shares in the company, valued at approximately $3,214,662.18. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock worth $28,559,521 in the last 90 days. 3.40% of the stock is currently owned by insiders.

Starbucks Co. (NASDAQ:SBUX) traded down $0.31 during midday trading on Thursday, reaching $59.51. 1,157,055 shares of the company traded hands, compared to its average volume of 6,677,186. Starbucks Co. has a 52-week low of $52.58 and a 52-week 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 $84,670.00, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 1.61 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $0.56 earnings per share. Starbucks’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts anticipate that Starbucks Co. will post 2.34 earnings per share for the current fiscal year.

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About Starbucks

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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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