Vantage Investment Advisors LLC reduced its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,707 shares of the coffee company’s stock after selling 3,503 shares during the period. Starbucks Corporation accounts for approximately 1.5% of Vantage Investment Advisors LLC’s holdings, making the stock its 23rd largest position. Vantage Investment Advisors LLC’s holdings in Starbucks Corporation were worth $3,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in SBUX. LS Investment Advisors LLC increased its stake in shares of Starbucks Corporation by 6.7% in the second quarter. LS Investment Advisors LLC now owns 31,731 shares of the coffee company’s stock worth $1,812,000 after buying an additional 2,001 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Starbucks Corporation by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 10,238 shares of the coffee company’s stock worth $585,000 after buying an additional 311 shares in the last quarter. Meyer Handelman Co. increased its stake in shares of Starbucks Corporation by 253.4% in the second quarter. Meyer Handelman Co. now owns 31,100 shares of the coffee company’s stock worth $1,776,000 after buying an additional 22,300 shares in the last quarter. Rothschild Investment Corp IL increased its stake in shares of Starbucks Corporation by 5.1% in the second quarter. Rothschild Investment Corp IL now owns 19,437 shares of the coffee company’s stock worth $1,110,000 after buying an additional 950 shares in the last quarter. Finally, Donald L. Hagan LLC increased its stake in shares of Starbucks Corporation by 1,610.4% in the second quarter. Donald L. Hagan LLC now owns 14,538 shares of the coffee company’s stock worth $830,000 after buying an additional 13,688 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 0.29% during trading on Friday, reaching $57.86. The company’s stock had a trading volume of 2,617,947 shares. The stock has a market cap of $84.21 billion, a price-to-earnings ratio of 30.45 and a beta of 0.79. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $61.78. The stock’s 50 day moving average price is $57.38 and its 200-day moving average price is $55.67.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 3rd. The coffee company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.68 billion. Starbucks Corporation had a return on equity of 49.88% and a net margin of 13.22%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. Equities analysts anticipate that Starbucks Corporation will post $2.14 EPS for the current year.

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SBUX has been the topic of a number of analyst reports. Longbow Research initiated coverage on shares of Starbucks Corporation in a research report on Wednesday, September 21st. They issued a “buy” rating on the stock. Zacks Investment Research cut Starbucks Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Piper Jaffray Companies set a $72.00 target price on Starbucks Corporation and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $69.00 target price on shares of Starbucks Corporation in a research note on Friday, September 23rd. Finally, Wedbush lowered their target price on Starbucks Corporation from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, September 28th. Seven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.89.

In other news, insider John Culver sold 168,814 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $58.65, for a total transaction of $9,900,941.10. Following the transaction, the insider now directly owns 478,446 shares in the company, valued at approximately $28,060,857.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clifford Burrows sold 80,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $58.88, for a total value of $4,710,400.00. Following the transaction, the insider now owns 248,517 shares in the company, valued at $14,632,680.96. The disclosure for this sale can be found here. Insiders own 3.38% of the company’s stock.

About Starbucks Corporation

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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