Telos Capital Management Inc. grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,374 shares of the coffee company’s stock after purchasing an additional 1,874 shares during the quarter. Telos Capital Management Inc. owned about 995.50% of Starbucks worth $772,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Middleton & Co Inc MA boosted its stake in Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock worth $5,310,000 after purchasing an additional 10,458 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Starbucks by 12.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after acquiring an additional 10,250 shares during the period. Geneva Advisors LLC lifted its stake in shares of Starbucks by 2.3% during the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after acquiring an additional 63,041 shares during the period. Janus Henderson Group PLC lifted its stake 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 valued at $809,917,000 after acquiring an additional 13,452,551 shares during the period. Finally, Private Vista LLC lifted its stake in shares of Starbucks by 3,334.9% during the second quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after acquiring an additional 213,303 shares during the period. 70.67% of the stock is currently owned by institutional investors.
In other Starbucks news, insider Howard D. Schultz sold 290,176 shares of the 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 completion of the sale, the insider now directly owns 29,872,564 shares in the company, valued at $1,703,632,324.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the stock in a transaction dated Monday, November 20th. The stock was 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 owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock valued at $28,559,521 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.
Several brokerages have recently issued reports on SBUX. Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price target on shares of Starbucks in a research note on Friday. Tigress Financial reaffirmed a “buy” rating on shares of Starbucks in a research note on Tuesday. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $62.86 price target on the stock. in a research note on Monday, November 27th. Finally, UBS Group set a $64.00 price target on Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Starbucks presently has a consensus rating of “Buy” and a consensus price target of $63.26.
Starbucks Co. (NASDAQ:SBUX) opened at $59.61 on Friday. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $85,790.00, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.59 and a beta of 0.76.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts expect that Starbucks Co. will post 2.33 EPS for the current fiscal year.
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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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