Personal Capital Advisors Corp lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 442,507 shares of the coffee company’s stock after purchasing an additional 36,364 shares during the period. Personal Capital Advisors Corp’s holdings in Starbucks were worth $25,413,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SBUX. Janus Henderson Group PLC boosted its position in shares of Starbucks by 3,076.5% in 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. Parnassus Investments CA bought a new position in shares of Starbucks in the 3rd quarter worth $498,863,000. Capital International Investors boosted its position in shares of Starbucks by 28.3% in the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock worth $1,142,386,000 after purchasing an additional 4,696,452 shares during the last quarter. Harding Loevner LP bought a new position in shares of Starbucks in the 3rd quarter worth $128,044,000. Finally, Renaissance Technologies LLC boosted its position in shares of Starbucks by 539.2% in the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock worth $228,504,000 after purchasing an additional 3,305,700 shares during the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at $55.97 on Wednesday. Starbucks Co. has a 12 month low of $52.58 and a 12 month high of $64.87. The stock has a market capitalization of $78,670.00, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.70. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. equities research analysts forecast that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, February 7th. Starbucks’s dividend payout ratio is currently 40.27%.
Several research firms have recently issued reports on SBUX. Wedbush restated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and set a $66.00 price objective on shares of Starbucks in a research note on Friday, January 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $66.00) on shares of Starbucks in a research note on Friday, January 19th. Barclays reaffirmed an “equal weight” rating and set a $65.00 price objective (up previously from $58.00) on shares of Starbucks in a research note on Tuesday, January 16th. Finally, Goldman Sachs Group downgraded Starbucks from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the stock from $73.00 to $68.00 in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $64.63.
In related news, Director Joshua Cooper Ramo sold 60,000 shares of Starbucks 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 filing with the SEC, which is available at this link. Also, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the sale, the director now directly owns 39,000 shares in the company, valued at approximately $2,126,280. The disclosure for this sale can be found here. In the last ninety days, insiders sold 247,826 shares of company stock worth $14,213,139. 3.48% of the stock is owned by company insiders.
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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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