Great West Life Assurance Co. Can lifted its position in shares of Starbucks Co. (NASDAQ:SBUX) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,220,726 shares of the coffee company’s stock after purchasing an additional 32,482 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Starbucks were worth $66,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Starbucks by 7.8% in the third quarter. Nordea Investment Management AB now owns 1,217,056 shares of the coffee company’s stock worth $65,368,000 after acquiring an additional 87,902 shares in the last quarter. South State Corp boosted its holdings in Starbucks by 12.2% in the third quarter. South State Corp now owns 31,163 shares of the coffee company’s stock worth $1,674,000 after acquiring an additional 3,386 shares in the last quarter. Haverford Trust Co. boosted its holdings in Starbucks by 3.4% in the third quarter. Haverford Trust Co. now owns 925,737 shares of the coffee company’s stock worth $49,721,000 after acquiring an additional 30,207 shares in the last quarter. Harwood Advisory Group LLC boosted its holdings in Starbucks by 19.2% in the third quarter. Harwood Advisory Group LLC now owns 15,516 shares of the coffee company’s stock worth $833,000 after acquiring an additional 2,501 shares in the last quarter. Finally, TD Asset Management Inc. boosted its holdings in Starbucks by 52.4% in the third quarter. TD Asset Management Inc. now owns 1,700,466 shares of the coffee company’s stock worth $91,332,000 after acquiring an additional 584,389 shares in the last quarter. Institutional investors own 70.76% of the company’s stock.

Shares of Starbucks Co. (NASDAQ SBUX) opened at $61.41 on Tuesday. The company has a market capitalization of $87,370.00, a price-to-earnings ratio of 31.17, a P/E/G ratio of 1.66 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks Co. has a 1 year low of $52.58 and a 1 year high of $64.87.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. Starbucks’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. equities analysts forecast that Starbucks Co. will post 2.38 EPS for the current year.

SBUX has been the topic of several analyst reports. Vetr raised Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 target price on the stock in a report on Tuesday, November 14th. Nomura dropped their target price on Starbucks from $67.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Tigress Financial initiated coverage on Starbucks in a report on Wednesday, December 27th. They issued a “buy” rating on the stock. Mizuho reissued a “buy” rating and issued a $75.00 target price on shares of Starbucks in a report on Friday, September 29th. Finally, Wedbush reaffirmed a “buy” rating and set a $70.00 price target on shares of Starbucks in a report on Monday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.88.

In other Starbucks news, Director Joshua Cooper Ramo sold 60,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the company’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 sale, the director now owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. The disclosure for this sale can be found here. In 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.

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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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