Nichols & Pratt Advisers LLP MA grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 110,742 shares of the coffee company’s stock after acquiring an additional 4,890 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Starbucks were worth $5,950,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Evanson Asset Management LLC lifted its stake in shares of Starbucks by 32.2% in the second quarter. Evanson Asset Management LLC now owns 6,514 shares of the coffee company’s stock valued at $380,000 after buying an additional 1,585 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Starbucks by 31.3% in the second quarter. Koshinski Asset Management Inc. now owns 6,843 shares of the coffee company’s stock valued at $399,000 after buying an additional 1,632 shares during the period. RB Capital Management LLC lifted its stake in shares of Starbucks by 1.4% in the second quarter. RB Capital Management LLC now owns 50,508 shares of the coffee company’s stock valued at $2,945,000 after buying an additional 701 shares during the period. Iberiabank Corp lifted its stake in shares of Starbucks by 50.1% in the second quarter. Iberiabank Corp now owns 16,109 shares of the coffee company’s stock valued at $939,000 after buying an additional 5,378 shares during the period. Finally, Heritage Investors Management Corp lifted its stake in shares of Starbucks by 0.8% in the second quarter. Heritage Investors Management Corp now owns 4,963 shares of the coffee company’s stock valued at $289,000 after buying an additional 40 shares during the period. 70.72% of the stock is currently owned by institutional investors.

Starbucks Co. (NASDAQ:SBUX) opened at $60.66 on Thursday. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The stock has a market cap of $86,310.00, a P/E ratio of 30.79, a PEG ratio of 1.65 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. Starbucks’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts forecast that Starbucks Co. will post 2.37 EPS for the current fiscal year.

A number of brokerages have commented on SBUX. Barclays restated an “equal weight” rating and set a $65.00 price target (up previously from $58.00) on shares of Starbucks in a research note on Tuesday. Vetr cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target for the company. in a research note on Monday, January 8th. Piper Jaffray Companies restated a “buy” rating and set a $70.00 price target on shares of Starbucks in a research note on Friday, January 5th. Zacks Investment Research cut shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Tigress Financial restated a “buy” rating on shares of Starbucks in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.36.

In related news, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the sale, the senior vice president now owns 10,438 shares of the company’s stock, valued at $594,444.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joshua Cooper Ramo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock valued at $28,559,521 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

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Starbucks 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 (NASDAQ:SBUX)

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