Duncker Streett & Co. Inc. decreased its holdings in Starbucks Co. (NASDAQ:SBUX) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,671 shares of the coffee company’s stock after selling 1,308 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Starbucks were worth $1,015,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Goodwin Daniel L purchased a new position in Starbucks in the fourth quarter worth $201,000. Hennessy Advisors Inc. purchased a new position in Starbucks in the fourth quarter worth $555,000. Narwhal Capital Management raised its position in Starbucks by 66.7% in the fourth quarter. Narwhal Capital Management now owns 37,674 shares of the coffee company’s stock worth $2,164,000 after acquiring an additional 15,079 shares in the last quarter. Argus Investors Counsel Inc. raised its position in Starbucks by 1.2% in the fourth quarter. Argus Investors Counsel Inc. now owns 72,413 shares of the coffee company’s stock worth $4,159,000 after acquiring an additional 866 shares in the last quarter. Finally, Eastern Bank raised its position in Starbucks by 0.5% in the fourth quarter. Eastern Bank now owns 211,304 shares of the coffee company’s stock worth $12,135,000 after acquiring an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Shares of Starbucks Co. (NASDAQ SBUX) opened at $56.14 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. The company has a market capitalization of $78,910.00, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.55 and a beta of 0.70. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data 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 business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. research analysts expect that Starbucks Co. will post 2.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, February 7th. Starbucks’s payout ratio is currently 40.27%.
In other Starbucks news, insider Clifford Burrows sold 162,826 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now directly owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Myron E. Ullman III sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was 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 $2,126,280. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 247,826 shares of company stock worth $14,213,139. Corporate insiders own 3.40% of the company’s stock.
SBUX has been the subject of several research analyst reports. UBS Group cut their price objective on Starbucks from $67.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Mizuho set a $75.00 price objective on Starbucks and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Morgan Stanley increased their price objective on Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Vetr cut Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target for the company. in a research report on Thursday, November 2nd. Finally, Oppenheimer restated a “buy” rating and issued a $66.00 price target on shares of Starbucks in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.63.
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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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