Prescott Group Capital Management L.L.C. maintained its position in shares of Starbucks Corporation (NASDAQ:SBUX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,200 shares of the coffee company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C.’s holdings in Starbucks Corporation were worth $1,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SBUX. Gradient Investments LLC raised its position in shares of Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock valued at $109,000 after buying an additional 718 shares during the period. Jacobi Capital Management LLC raised its position in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares during the period. Sharkey Howes & Javer raised its position in shares of Starbucks Corporation by 8.5% in the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares during the period. IHT Wealth Management LLC raised its position in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares during the period. Finally, TrimTabs Asset Management LLC bought a new position in shares of Starbucks Corporation during the first quarter valued at approximately $122,000. Institutional investors and hedge funds own 69.98% of the company’s stock.

Starbucks Corporation (NASDAQ SBUX) traded up 0.23% during midday trading on Monday, reaching $53.30. 3,640,115 shares of the company’s stock were exchanged. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87. The firm’s 50 day moving average is $57.19 and its 200 day moving average is $58.29. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 26.91 and a beta of 0.80.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the company posted $0.49 earnings per share. Starbucks Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that Starbucks Corporation will post $2.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, August 8th. Starbucks Corporation’s payout ratio is presently 50.76%.

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Several research analysts have commented on SBUX shares. Jefferies Group LLC restated an “average” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a report on Friday, July 28th. Zacks Investment Research raised shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, April 18th. Vetr downgraded shares of Starbucks Corporation from a “strong-buy” rating to a “buy” rating and set a $64.50 target price on the stock. in a research report on Tuesday, April 18th. Stifel Nicolaus raised shares of Starbucks Corporation from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $67.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Finally, UBS AG set a $70.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $64.93.

In other Starbucks Corporation news, insider Clifford Burrows sold 114,826 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total value of $6,827,553.96. Following the completion of the transaction, the insider now directly owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jorgen Vig Knudstorp purchased 18,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $55.30 per share, with a total value of $995,400.00. Following the completion of the acquisition, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $995,400. The disclosure for this purchase can be found here. Insiders own 3.40% of the company’s stock.

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.

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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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