Starbucks Co. (SBUX) Shares Bought by Sigma Planning Corp
Sigma Planning Corp increased its position in Starbucks Co. (NASDAQ:SBUX) by 11.0% in the third quarter, Holdings Channel reports. The fund owned 28,186 shares of the coffee company’s stock after buying an additional 2,800 shares during the period. Sigma Planning Corp’s holdings in Starbucks were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. First American Trust FSB purchased a new position in shares of Starbucks during the 2nd quarter valued at about $3,621,000. Pioneer Trust Bank N A OR raised its stake in shares of Starbucks by 15.2% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 11,470 shares of the coffee company’s stock valued at $669,000 after buying an additional 1,514 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Starbucks by 15.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 255,000 shares of the coffee company’s stock valued at $14,869,000 after buying an additional 35,000 shares during the last quarter. Catawba Capital Management VA raised its stake in shares of Starbucks by 18.2% during the 2nd quarter. Catawba Capital Management VA now owns 11,615 shares of the coffee company’s stock valued at $677,000 after buying an additional 1,785 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Starbucks by 0.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 236,180 shares of the coffee company’s stock valued at $13,772,000 after buying an additional 751 shares during the last quarter. Institutional investors own 70.67% of the company’s stock.
A number of research firms have weighed in on SBUX. Vetr lowered Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price objective for the company. in a research note on Monday, January 8th. Piper Jaffray Companies reiterated a “buy” rating and set a $70.00 price objective on shares of Starbucks in a research note on Friday, January 5th. Tigress Financial reiterated a “buy” rating on shares of Starbucks in a research note on Tuesday, January 2nd. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, UBS Group set a $64.00 price objective on Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $63.23.
Shares of Starbucks Co. (NASDAQ:SBUX) opened at $60.40 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks Co. has a twelve month low of $52.58 and a twelve month high of $64.87. The stock has a market capitalization of $85,940.00, a PE ratio of 30.66, a P/E/G ratio of 1.61 and a beta of 0.76.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm posted $0.56 EPS. Starbucks’s revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Starbucks Co. will post 2.34 earnings per share for the current year.
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Starbucks Company 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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