Coastline Trust Co grew its position in Starbucks Co. (NASDAQ:SBUX) by 168.9% during the third quarter, HoldingsChannel reports. The firm owned 9,265 shares of the coffee company’s stock after buying an additional 5,820 shares during the quarter. Coastline Trust Co’s holdings in Starbucks were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Middleton & Co Inc MA increased its position in shares of Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after acquiring an additional 10,458 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Starbucks by 29.7% in the second quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock valued at $1,586,000 after acquiring an additional 6,225 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Starbucks by 12.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after acquiring an additional 10,250 shares during the last quarter. Geneva Advisors LLC increased its position in shares of Starbucks by 2.3% in the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after acquiring an additional 63,041 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after acquiring an additional 13,452,551 shares during the last quarter. Institutional investors own 71.87% of the company’s stock.

In other news, insider Howard D. Schultz sold 290,176 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value of $16,548,737.28. Following the transaction, the insider now owns 29,872,564 shares of the company’s stock, valued at $1,703,632,324.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joshua Cooper Ramo sold 60,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 597,668 shares of company stock worth $34,216,388 in the last ninety days. 3.40% of the stock is owned by company insiders.

Starbucks Co. (NASDAQ SBUX) opened at $54.58 on Friday. The firm has a market capitalization of $78,830.00, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts forecast that Starbucks Co. will post 2.49 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, February 7th. Starbucks’s payout ratio is 39.60%.

A number of research firms recently issued reports on SBUX. Credit Suisse Group lowered their target price on Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Goldman Sachs Group downgraded Starbucks from a “conviction-buy” rating to a “buy” rating and lowered their target price for the company from $73.00 to $68.00 in a research report on Friday, January 26th. BTIG Research reaffirmed a “buy” rating and issued a $64.00 target price on shares of Starbucks in a research report on Friday, January 26th. OTR Global raised Starbucks to a “positive” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets lowered their target price on Starbucks from $56.00 to $52.00 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Starbucks currently has an average rating of “Buy” and a consensus price target of $64.32.

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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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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