Stephens Inc. AR Has $9.13 Million Stake in Starbucks Co. (NASDAQ:SBUX)

Share on StockTwits

Stephens Inc. AR decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,942 shares of the coffee company’s stock after selling 16,131 shares during the period. Stephens Inc. AR’s holdings in Starbucks were worth $9,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. White Pine Investment CO raised its position in Starbucks by 1.7% in the second quarter. White Pine Investment CO now owns 65,437 shares of the coffee company’s stock worth $5,486,000 after purchasing an additional 1,100 shares in the last quarter. Lyell Wealth Management LP raised its position in Starbucks by 2.6% in the second quarter. Lyell Wealth Management LP now owns 12,868 shares of the coffee company’s stock worth $1,079,000 after purchasing an additional 325 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Starbucks by 57.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 506,639 shares of the coffee company’s stock worth $42,649,000 after purchasing an additional 185,658 shares in the last quarter. Close Asset Management Ltd raised its position in Starbucks by 13.3% in the second quarter. Close Asset Management Ltd now owns 139,711 shares of the coffee company’s stock worth $11,711,000 after purchasing an additional 16,380 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Starbucks by 6.5% in the second quarter. Sunbelt Securities Inc. now owns 9,370 shares of the coffee company’s stock worth $785,000 after purchasing an additional 574 shares in the last quarter. 72.54% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Lucy Lee Helm sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $83.00, for a total transaction of $830,000.00. Following the sale, the executive vice president now directly owns 113,455 shares of the company’s stock, valued at $9,416,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Myron E. Ullman III sold 9,973 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $76.12, for a total transaction of $759,144.76. The disclosure for this sale can be found here. Insiders have sold 69,801 shares of company stock worth $6,301,684 over the last three months. 3.98% of the stock is owned by insiders.

Starbucks stock traded up $0.71 during trading hours on Thursday, hitting $95.63. 2,274,438 shares of the stock were exchanged, compared to its average volume of 7,953,828. The stock has a market capitalization of $113.61 billion, a PE ratio of 39.52, a P/E/G ratio of 2.62 and a beta of 0.55. Starbucks Co. has a 12 month low of $52.30 and a 12 month high of $99.72. The stock has a 50-day moving average of $91.38.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, sell-side analysts anticipate that Starbucks Co. will post 2.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.51%. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

Several research firms recently issued reports on SBUX. Goldman Sachs Group began coverage on shares of Starbucks in a research report on Monday, July 29th. They issued a “buy” rating and a $110.00 price target for the company. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, June 18th. Morgan Stanley increased their price target on shares of Starbucks from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Starbucks from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Oppenheimer increased their price target on shares of Starbucks from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $89.53.

Starbucks Company Profile

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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Featured Article: Stock Symbols Definition, Examples, Lookup

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.