Dorsey & Whitney Trust CO LLC grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,330 shares of the coffee company’s stock after buying an additional 512 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Starbucks Corporation were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBUX. Ameriprise Financial Inc. grew its stake in shares of Starbucks Corporation by 32.9% during the 1st quarter. Ameriprise Financial Inc. now owns 14,170,939 shares of the coffee company’s stock valued at $827,444,000 after buying an additional 3,511,080 shares during the period. Toronto Dominion Bank boosted its position in Starbucks Corporation by 52.6% during the 1st quarter. Toronto Dominion Bank now owns 399,621 shares of the coffee company’s stock worth $23,332,000 after purchasing an additional 137,795 shares during the period. Warren Averett Asset Management LLC boosted its position in Starbucks Corporation by 41.3% during the 1st quarter. Warren Averett Asset Management LLC now owns 5,846 shares of the coffee company’s stock worth $341,000 after purchasing an additional 1,709 shares during the period. Sigma Investment Counselors Inc. purchased a new stake in Starbucks Corporation during the 1st quarter worth $442,000. Finally, Sawtooth Solutions LLC boosted its position in Starbucks Corporation by 60.1% during the 1st quarter. Sawtooth Solutions LLC now owns 18,346 shares of the coffee company’s stock worth $1,071,000 after purchasing an additional 6,884 shares during the period. 72.01% of the stock is owned by institutional investors.

Shares of Starbucks Corporation (SBUX) opened at $56.93 on Friday. The firm has a market cap of $81,500.98, a PE ratio of 27.50, a P/E/G ratio of 1.56 and a beta of 0.72. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.

Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. Starbucks Corporation’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. analysts expect that Starbucks Corporation will post 2.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 2.11%. Starbucks Corporation’s dividend payout ratio is 60.91%.

A number of analysts recently weighed in on SBUX shares. Vetr raised shares of Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.12 price target for the company in a research report on Tuesday, November 14th. Nomura decreased their price target on shares of Starbucks Corporation from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and set a $75.00 price target on shares of Starbucks Corporation in a research report on Friday, September 29th. Credit Suisse Group reaffirmed a “buy” rating on shares of Starbucks Corporation in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Twelve analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $63.31.

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In related news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the sale, the director now owns 36,966 shares in the company, valued at $1,974,354.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the sale, the insider now owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 443,884 shares of company stock worth $25,041,780. 3.40% of the stock is owned by company insiders.

About Starbucks Corporation

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 Corporation (NASDAQ:SBUX)

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