First Business Financial Services Inc. lowered its stake in Starbucks Corporation (NASDAQ:SBUX) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,592 shares of the coffee company’s stock after selling 137 shares during the period. Starbucks Corporation makes up 0.1% of First Business Financial Services Inc.’s portfolio, making the stock its 22nd largest holding. First Business Financial Services Inc.’s holdings in Starbucks Corporation were worth $618,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBUX. Appropriate Balance Financial Services Inc. boosted its holdings in Starbucks Corporation by 1.6% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after purchasing an additional 13 shares during the period. Union Bankshares Corp boosted its holdings in Starbucks Corporation by 0.4% in the 2nd 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 during the period. Vaughan David Investments Inc. IL boosted its holdings in Starbucks Corporation by 0.6% in the 1st quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after purchasing an additional 26 shares during the period. CWM LLC boosted its holdings in Starbucks Corporation by 0.6% in the 2nd quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after purchasing an additional 30 shares during the period. Finally, Ingalls & Snyder LLC boosted its holdings in Starbucks Corporation by 1.1% in the 1st quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 70.83% of the company’s stock.

SBUX has been the subject of a number of recent research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 price objective on shares of Starbucks Corporation in a report on Friday, July 14th. Zacks Investment Research raised shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Cowen and Company reissued an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a report on Friday, July 21st. Wedbush reissued a “neutral” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Starbucks Corporation in a report on Saturday, July 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $67.00 price objective on shares of Starbucks Corporation in a report on Tuesday, July 25th. Twelve analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Starbucks Corporation presently has an average rating of “Buy” and a consensus target price of $63.14.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Culver sold 64,776 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the transaction, the insider now owns 390,341 shares of the company’s stock, valued at $20,898,857.14. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Starbucks Corporation (SBUX) opened at $56.57 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The stock has a market cap of $80,212.55, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.40 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue was down .2% on a year-over-year basis. equities research analysts predict that Starbucks Corporation will post 2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, November 15th. Starbucks Corporation’s dividend payout ratio is 50.76%.

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Starbucks Corporation 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 Corporation (NASDAQ:SBUX)

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