Capital Advisors Inc. OK raised its stake in shares of Starbucks Corp. (NASDAQ:SBUX) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,576 shares of the coffee company’s stock after buying an additional 150 shares during the period. Capital Advisors Inc. OK’s holdings in Starbucks Corp. were worth $204,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Starbucks Corp. during the second quarter valued at $123,000. Proficio Capital Partners LLC boosted its stake in shares of Starbucks Corp. by 5.2% in the second quarter. Proficio Capital Partners LLC now owns 2,205 shares of the coffee company’s stock valued at $128,000 after buying an additional 109 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Starbucks Corp. during the second quarter valued at $134,000. Kistler Tiffany Companies LLC boosted its stake in shares of Starbucks Corp. by 138.4% in the second quarter. Kistler Tiffany Companies LLC now owns 2,556 shares of the coffee company’s stock valued at $146,000 after buying an additional 1,484 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Starbucks Corp. by 293.5% in the second quarter. Global X Management Co. LLC now owns 2,833 shares of the coffee company’s stock valued at $162,000 after buying an additional 2,113 shares during the last quarter. 68.13% of the stock is currently owned by institutional investors.

Starbucks Corp. (NASDAQ:SBUX) traded up 0.06% during trading on Wednesday, hitting $53.33. 4,039,013 shares of the stock traded hands. The stock has a 50 day moving average price of $55.50 and a 200-day moving average price of $56.84. The stock has a market cap of $78.21 billion, a P/E ratio of 29.96 and a beta of 0.80. Starbucks Corp. has a 52-week low of $52.63 and a 52-week high of $64.00.

Starbucks Corp. (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Starbucks Corp. had a net margin of 13.01% and a return on equity of 46.89%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.34 billion. On average, analysts anticipate that Starbucks Corp. will post $1.89 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Starbucks Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Longbow Research assumed coverage on shares of Starbucks Corp. in a research report on Wednesday. They set a “buy” rating for the company. Macquarie raised shares of Starbucks Corp. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 14th. Vetr raised shares of Starbucks Corp. from a “buy” rating to a “strong-buy” rating and set a $60.97 target price for the company in a research report on Tuesday, September 13th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Starbucks Corp. in a research report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.50.

In related news, Director Myron E. Ullman III sold 12,654 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $58.70, for a total value of $742,789.80. Following the transaction, the director now owns 26,654 shares in the company, valued at approximately $1,564,589.80. The sale was disclosed in a filing with the SEC, which is available through this link. 3.38% of the stock is currently owned by corporate insiders.

Starbucks Corp. Company Profile

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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