SG Americas Securities LLC boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 237.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 240,405 shares of the coffee company’s stock after buying an additional 414,814 shares during the period. SG Americas Securities LLC’s holdings in Starbucks Corporation were worth $14,037,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Starbucks Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company’s stock valued at $1,796,675,000 after buying an additional 2,234,324 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Starbucks Corporation by 32.9% in the first 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 last quarter. Swiss National Bank boosted its position in Starbucks Corporation by 24.0% in the first quarter. Swiss National Bank now owns 5,681,144 shares of the coffee company’s stock valued at $331,722,000 after buying an additional 1,099,100 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Starbucks Corporation by 9.3% in the first quarter. Russell Investments Group Ltd. now owns 3,352,860 shares of the coffee company’s stock valued at $195,747,000 after buying an additional 286,081 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Starbucks Corporation by 0.6% in the first quarter. Rhumbline Advisers now owns 2,383,016 shares of the coffee company’s stock valued at $139,144,000 after buying an additional 13,988 shares during the last quarter. 70.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 0.04% during trading on Monday, reaching $54.34. 1,854,848 shares of the company traded hands. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The stock’s 50 day moving average price is $55.81 and its 200-day moving average price is $58.10. The stock has a market cap of $78.46 billion, a P/E ratio of 27.43 and a beta of 0.80.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were given a $0.25 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 1.84%. Starbucks Corporation’s dividend payout ratio is currently 50.76%.

COPYRIGHT VIOLATION NOTICE: “SG Americas Securities LLC Has $14.04 Million Stake in Starbucks Corporation (SBUX)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/sg-americas-securities-llc-has-14-04-million-stake-in-starbucks-corporation-sbux/1528133.html.

Several equities analysts have commented on SBUX shares. Jefferies Group LLC reissued a “buy” rating and set a $65.00 target price on shares of Starbucks Corporation in a research note on Friday, May 12th. UBS AG set a $67.00 target price on shares of Starbucks Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Guggenheim cut shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, July 28th. Piper Jaffray Companies reissued a “buy” rating and set a $70.00 target price on shares of Starbucks Corporation in a research note on Friday, July 14th. Finally, Zacks Investment Research cut shares of Starbucks Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.64.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $55.30 per share, with a total value of $995,400.00. Following the completion of the transaction, the director now owns 18,000 shares in the company, valued at $995,400. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Myron E. Ullman III sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the transaction, the director now directly owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by 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)

Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.