Starbucks Co. (SBUX) Shares Bought by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 537,936 shares of the coffee company’s stock after buying an additional 1,448 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Starbucks were worth $28,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jacobi Capital Management LLC grew its holdings in Starbucks by 6.9% in the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after purchasing an additional 129 shares during the period. Valley National Advisers Inc. grew its holdings in Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Starbucks in the second quarter worth about $128,000. Aviance Capital Management LLC purchased a new stake in Starbucks in the second quarter worth about $146,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Starbucks in the second quarter worth about $158,000. Institutional investors own 70.72% of the company’s stock.

Starbucks Co. (SBUX) opened at $60.40 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87. The firm has a market cap of $85,940.00, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 1.64 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. sell-side analysts predict that Starbucks Co. will post 2.37 EPS for the current fiscal year.

A number of brokerages have weighed in on SBUX. Stephens restated an “equal weight” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Starbucks in a report on Friday, September 29th. They noted that the move was a valuation call. Credit Suisse Group cut their price objective on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. OTR Global upgraded shares of Starbucks to a “positive” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, BMO Capital Markets restated a “hold” rating on shares of Starbucks in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $63.23.

In other news, Director Javier G. Teruel sold 62,966 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total value of $3,627,471.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock worth $28,559,521 over the last quarter. Insiders own 3.40% of the company’s stock.

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Starbucks Profile

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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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