Argus Investors Counsel Inc. raised its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,413 shares of the coffee company’s stock after acquiring an additional 866 shares during the period. Argus Investors Counsel Inc.’s holdings in Starbucks were worth $4,159,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Middleton & Co Inc MA raised its stake in shares of Starbucks by 11.8% during the 3rd quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock worth $5,310,000 after buying an additional 10,458 shares in the last quarter. WINTON GROUP Ltd raised 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 buying an additional 6,225 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised 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 buying an additional 10,250 shares in the last quarter. Geneva Advisors LLC raised 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 buying an additional 63,041 shares in the last quarter. Finally, Janus Henderson Group PLC raised 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 buying an additional 13,452,551 shares in the last quarter. 71.87% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on SBUX shares. UBS Group cut their target price on 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 target price on Starbucks and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley increased their target price on Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Vetr downgraded Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 target price for the company. in a research note on Thursday, November 2nd. Finally, Oppenheimer reissued a “buy” rating and set a $66.00 target price on shares of Starbucks in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $64.63.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at $55.40 on Friday. The company has a market capitalization of $77,870.00, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.55 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. Starbucks Co. has a fifty-two week low of $52.58 and a fifty-two week high of $64.87.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a return on equity of 155.62% and a net margin of 35.78%. Starbucks’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. equities research analysts forecast that Starbucks Co. will post 2.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, February 7th. Starbucks’s dividend payout ratio (DPR) is presently 40.27%.
In other Starbucks news, Director Joshua Cooper Ramo sold 60,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now owns 331,829 shares in the company, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 247,826 shares of company stock worth $14,213,139. 3.40% of the stock is owned by 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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