Oakbrook Investments LLC raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 400.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 473,926 shares of the coffee company’s stock after buying an additional 379,151 shares during the period. Starbucks comprises about 1.6% of Oakbrook Investments LLC’s investment portfolio, making the stock its 20th biggest holding. Oakbrook Investments LLC’s holdings in Starbucks were worth $25,455,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. WINTON GROUP Ltd lifted its position in shares of Starbucks by 29.7% in 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 period. Meiji Yasuda Asset Management Co Ltd. lifted its position in 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 valued at $5,388,000 after acquiring an additional 10,250 shares during the period. Geneva Advisors LLC lifted its position in Starbucks by 2.3% during the 2nd quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after acquiring an additional 63,041 shares during the period. Janus Henderson Group PLC lifted its position in 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 valued at $809,917,000 after acquiring an additional 13,452,551 shares during the period. Finally, Private Vista LLC increased its stake in Starbucks by 3,334.9% during the 2nd quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after purchasing an additional 213,303 shares in the last quarter. 70.67% of the stock is owned by institutional investors and hedge funds.
Shares of Starbucks Co. (NASDAQ:SBUX) traded up $0.18 during midday trading on Thursday, reaching $60.00. The company’s stock had a trading volume of 5,804,917 shares, compared to its average volume of 8,440,000. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The stock has a market capitalization of $85,370.00, a PE ratio of 30.46, a P/E/G ratio of 1.61 and a beta of 0.76.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the business earned $0.56 earnings per share. The business’s revenue was down .2% on a year-over-year basis. equities analysts predict that Starbucks Co. will post 2.34 EPS for the current year.
SBUX has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Mizuho set a $75.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, November 1st. Morgan Stanley raised their price objective on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price objective on the stock. in a report on Thursday, November 2nd. Finally, Deutsche Bank dropped their price objective on shares of Starbucks to $62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One investment 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. Starbucks currently has an average rating of “Buy” and an average target price of $63.23.
In other news, Director Joshua Cooper Ramo sold 60,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,627,471.26. The disclosure for this sale can be found here. Insiders have sold 497,808 shares of company stock worth $28,559,521 over the last quarter. 3.40% of the stock is currently owned by company insiders.
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Starbucks 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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