Bradley Foster & Sargent Inc. CT raised its stake in Starbucks Co. (NASDAQ:SBUX) by 5.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 198,689 shares of the coffee company’s stock after buying an additional 10,452 shares during the period. Bradley Foster & Sargent Inc. CT owned 137.61% of Starbucks worth $10,672,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SBUX. Magellan Asset Management Ltd grew its holdings in Starbucks by 3,809,645.9% in the 1st quarter. Magellan Asset Management Ltd now owns 18,667,755 shares of the coffee company’s stock valued at $1,090,000,000 after buying an additional 18,667,265 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Starbucks by 3,076.5% in the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares during the last quarter. Parnassus Investments CA acquired a new position in shares of Starbucks in the 3rd quarter valued at $498,863,000. Renaissance Technologies LLC lifted its stake in shares of Starbucks by 539.2% in the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock valued at $228,504,000 after purchasing an additional 3,305,700 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Starbucks by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock valued at $5,505,491,000 after purchasing an additional 1,953,003 shares during the last quarter. Institutional investors own 70.67% of the company’s stock.

Starbucks Co. (NASDAQ:SBUX) opened at $59.61 on Monday. Starbucks Co. has a 12 month low of $52.58 and a 12 month high of $64.87. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $84,810.00, a PE ratio of 30.26, a P/E/G ratio of 1.61 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the company earned $0.56 EPS. Starbucks’s revenue was down .2% on a year-over-year basis. analysts forecast that Starbucks Co. will post 2.34 earnings per share for the current year.

SBUX has been the topic of several recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $67.00 price target on shares of Starbucks in a research note on Monday, October 9th. Piper Jaffray Companies set a $70.00 price target on Starbucks and gave the company a “buy” rating in a research note on Wednesday, October 11th. Mizuho reaffirmed a “buy” rating and issued a $75.00 price target on shares of Starbucks in a research note on Friday, September 29th. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target on the stock. in a research note on Thursday, November 2nd. Finally, Nomura decreased their price target on Starbucks from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.23.

In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the sale, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The transaction was disclosed in a 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 dated Thursday, December 7th. The shares were sold at an average price of $59.43, for a total value of $3,565,800.00. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock worth $28,559,521 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.watchlistnews.com/bradley-foster-sargent-inc-ct-has-10-67-million-holdings-in-starbucks-co-sbux/1798358.html.

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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with Analyst Ratings Network's FREE daily email newsletter.