Nichols & Pratt Advisers LLP MA grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,742 shares of the coffee company’s stock after purchasing an additional 4,890 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Starbucks were worth $5,950,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Starbucks by 2.1% in the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock valued at $5,505,491,000 after purchasing an additional 1,953,003 shares in the last quarter. Capital World Investors raised its holdings in shares of Starbucks by 2.0% during the second quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock worth $2,650,696,000 after acquiring an additional 895,432 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Starbucks by 5.2% during the second quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock worth $1,250,919,000 after acquiring an additional 1,060,298 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Starbucks by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 15,980,105 shares of the coffee company’s stock worth $931,909,000 after acquiring an additional 1,809,166 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Starbucks by 3,076.5% during the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after acquiring an additional 13,452,551 shares in the last quarter. Institutional investors own 70.72% of the company’s stock.
Several brokerages recently issued reports on SBUX. Credit Suisse Group cut their price objective on Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Deutsche Bank reiterated a “buy” rating and set a $67.00 price objective on shares of Starbucks in a report on Monday, October 9th. OTR Global upgraded Starbucks to a “positive” rating in a report on Thursday, October 26th. BMO Capital Markets reiterated a “hold” rating on shares of Starbucks in a report on Thursday, October 5th. Finally, Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price objective for the company. in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned 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 price target of $63.36.
In other news, insider Howard D. Schultz sold 290,176 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $56.73, for a total value of $3,214,662.18. Following the completion of the sale, the director now directly owns 56,666 shares in the company, valued at $3,214,662.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 497,808 shares of company stock worth $28,559,521. 3.40% of the stock is currently owned by company insiders.
Starbucks Co. (SBUX) opened at $60.66 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The company has a market cap of $86,310.00, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. Starbucks Co. has a 1 year low of $52.58 and a 1 year high of $64.87.
Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. equities analysts anticipate that Starbucks Co. will post 2.37 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/18/starbucks-co-sbux-shares-bought-by-nichols-pratt-advisers-llp-ma.html.
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.
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.