BerganKDV Wealth Management LLC purchased a new stake in Starbucks Co. (NASDAQ:SBUX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,597 shares of the coffee company’s stock, valued at approximately $462,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC raised its position in shares of Starbucks by 6.9% in the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after purchasing an additional 129 shares during the period. IHT Wealth Management LLC raised its position in shares of Starbucks by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after purchasing an additional 187 shares during the period. Valley National Advisers Inc. raised its position in shares of Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in shares of Starbucks in the second quarter valued at approximately $128,000. Finally, Kings Point Capital Management raised its position in shares of Starbucks by 22.5% in the first quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock valued at $135,000 after purchasing an additional 425 shares during the period. 71.07% of the stock is currently owned by institutional investors.

In other news, Director Joshua Cooper Ramo sold 60,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total value of $3,565,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Javier G. Teruel sold 62,966 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. In the last three months, insiders sold 497,808 shares of company stock valued at $28,559,521. Corporate insiders own 3.40% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Vetr lowered shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $62.86 target price on the stock. in a report on Monday, November 27th. UBS set a $64.00 target price on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley upped their target price on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Starbucks in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.26.

Starbucks Co. (SBUX) opened at $58.29 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks Co. has a 12 month low of $52.58 and a 12 month high of $64.87. The company has a market cap of $82,935.02, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.59 and a beta of 0.75.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts expect that Starbucks Co. will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s payout ratio is currently 60.91%.

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Starbucks 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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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