Sabal Trust CO raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 289,486 shares of the coffee company’s stock after acquiring an additional 14,253 shares during the period. Sabal Trust CO’s holdings in Starbucks were worth $16,625,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings 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 during the last quarter. Parnassus Investments CA acquired a new stake in shares of Starbucks during the 3rd quarter worth $498,863,000. Capital International Investors increased its holdings in shares of Starbucks by 28.3% during the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock worth $1,142,386,000 after buying an additional 4,696,452 shares during the last quarter. Harding Loevner LP acquired a new stake in shares of Starbucks during the 3rd quarter worth $128,044,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Starbucks by 539.2% during the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock worth $228,504,000 after buying an additional 3,305,700 shares during the last quarter. Institutional investors own 73.52% of the company’s stock.
NASDAQ:SBUX traded down $0.80 on Friday, reaching $58.34. The stock had a trading volume of 8,264,473 shares, compared to its average volume of 8,736,918. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. The stock has a market cap of $82,002.70, a P/E ratio of 28.32, a PEG ratio of 1.62 and a beta of 0.64. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts expect that Starbucks Co. will post 2.49 earnings per share for the current year.
In other news, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the transaction, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the transaction, the insider now directly owns 331,829 shares in the company, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold 247,664 shares of company stock worth $14,243,602 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.
SBUX has been the subject of a number of research analyst reports. Oppenheimer restated a “buy” rating and set a $66.00 price objective on shares of Starbucks in a report on Friday, January 26th. Piper Jaffray reiterated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a report on Friday, January 26th. Deutsche Bank reiterated a “buy” rating and issued a $63.00 price target on shares of Starbucks in a report on Friday, January 26th. BTIG Research reiterated a “buy” rating and issued a $64.00 price target on shares of Starbucks in a report on Friday, January 26th. Finally, Goldman Sachs downgraded Starbucks from a “conviction-buy” rating to a “buy” rating and lowered their price target for the company from $73.00 to $68.00 in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $64.05.
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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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