Bell Bank decreased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,136 shares of the coffee company’s stock after selling 50 shares during the period. Bell Bank’s holdings in Starbucks Corporation were worth $825,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SBUX. Banco Santander S.A. acquired a new position in shares of Starbucks Corporation during the fourth quarter worth approximately $3,069,000. Israel Discount Bank of New York GFN acquired a new position in shares of Starbucks Corporation during the fourth quarter worth approximately $694,000. Regent Investment Management LLC acquired a new position in shares of Starbucks Corporation during the first quarter worth approximately $256,000. GLG LLC increased its position in shares of Starbucks Corporation by 6.8% in the fourth quarter. GLG LLC now owns 82,121 shares of the coffee company’s stock worth $4,559,000 after buying an additional 5,220 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its position in shares of Starbucks Corporation by 46.8% in the first quarter. Baystate Wealth Management LLC now owns 3,802 shares of the coffee company’s stock worth $219,000 after buying an additional 1,212 shares in the last quarter. Institutional investors own 69.55% of the company’s stock.

Starbucks Corporation (NASDAQ:SBUX) opened at 58.21 on Wednesday. The firm has a 50-day moving average price of $60.24 and a 200 day moving average price of $58.51. The stock has a market capitalization of $84.29 billion, a PE ratio of 28.79 and a beta of 0.82. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.42 billion. Starbucks Corporation had a return on equity of 51.65% and a net margin of 13.47%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Equities analysts anticipate that Starbucks Corporation will post $2.10 earnings per share for the current year.

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A number of equities analysts recently commented on SBUX shares. Royal Bank Of Canada restated an “outperform” rating and set a $66.00 target price on shares of Starbucks Corporation in a report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and set a $65.00 target price on shares of Starbucks Corporation in a report on Friday, May 12th. Zacks Investment Research downgraded Starbucks Corporation from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Deutsche Bank AG restated a “hold” rating and set a $59.00 target price on shares of Starbucks Corporation in a report on Tuesday, April 11th. Finally, Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $63.91 target price for the company. in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.64.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total transaction of $606,300.00. Following the sale, the director now owns 24,000 shares in the company, valued at approximately $1,455,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the sale, the director now owns 34,000 shares in the company, valued at approximately $2,054,620. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,826 shares of company stock worth $8,642,454. Company insiders own 3.40% of the company’s stock.

Starbucks Corporation Company 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.

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

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