Cambridge Investment Research Advisors Inc. lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 169,396 shares of the coffee company’s stock after acquiring an additional 4,817 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Starbucks were worth $9,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Union Bankshares Corp boosted its position in Starbucks by 0.4% during the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after purchasing an additional 14 shares in the last quarter. Ken Stern & Associates Inc. boosted its position in Starbucks by 0.4% during the second quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock valued at $330,000 after purchasing an additional 23 shares in the last quarter. Spectrum Management Group Inc. boosted its position in Starbucks by 0.3% during the second quarter. Spectrum Management Group Inc. now owns 10,630 shares of the coffee company’s stock valued at $620,000 after purchasing an additional 30 shares in the last quarter. Heritage Investors Management Corp boosted its position in Starbucks by 0.8% during the second quarter. Heritage Investors Management Corp now owns 4,963 shares of the coffee company’s stock valued at $289,000 after purchasing an additional 40 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Starbucks by 0.7% during the second quarter. JFS Wealth Advisors LLC now owns 5,827 shares of the coffee company’s stock valued at $340,000 after purchasing an additional 41 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the completion of the transaction, the director now directly owns 56,666 shares in the company, valued at $3,214,662.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Javier G. Teruel sold 62,966 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total value of $3,627,471.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 497,808 shares of company stock valued at $28,559,521. Company insiders own 3.40% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $52.00 price objective (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. Credit Suisse Group dropped their price objective on Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. OTR Global raised Starbucks to a “positive” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Starbucks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $63.23.

Shares of Starbucks Co. (SBUX) opened at $60.40 on Friday. 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 capitalization of $85,940.00, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the 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 during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. equities research analysts predict that Starbucks Co. will post 2.37 EPS for the current year.

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About Starbucks

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 (NASDAQ:SBUX)

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