Ken Stern & Associates Inc. boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,662 shares of the coffee company’s stock after purchasing an additional 23 shares during the quarter. Ken Stern & Associates Inc.’s holdings in Starbucks Corporation were worth $330,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Jacobi Capital Management LLC boosted its position in shares of Starbucks Corporation by 2.7% during the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after acquiring an additional 50 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Starbucks Corporation by 2.5% during the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after acquiring an additional 46 shares during the last quarter. Sharkey Howes & Javer boosted its position in shares of Starbucks Corporation by 8.5% during the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after acquiring an additional 150 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Starbucks Corporation by 10.2% during the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after acquiring an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in shares of Starbucks Corporation during the 1st quarter valued at approximately $122,000. Institutional investors and hedge funds own 71.49% of the company’s stock.

In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the completion of the sale, the insider now owns 390,341 shares of the company’s stock, valued at $20,898,857.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was 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 directly owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 443,884 shares of company stock worth $25,041,780. 3.40% of the stock is owned by corporate insiders.

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Shares of Starbucks Corporation (SBUX) opened at $57.26 on Wednesday. Starbucks Corporation has a 12-month low of $52.58 and a 12-month high of $64.87. The firm has a market capitalization of $80,829.27, a PE ratio of 27.44, a P/E/G ratio of 1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks Corporation 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 the consensus estimate of $5.81 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts expect that Starbucks Corporation will post 2.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.10%. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s dividend payout ratio (DPR) is presently 60.91%.

A number of research analysts have recently commented on the company. Vetr downgraded Starbucks Corporation from a “strong-buy” rating to a “buy” rating and set a $64.32 target price for the company. in a research report on Monday, November 13th. UBS AG set a $64.00 target price on Starbucks Corporation and gave the company a “buy” rating in a research report on Wednesday, November 15th. BMO Capital Markets downgraded Starbucks Corporation from an “outperform” rating to a “market perform” rating and increased their target price for the company from $54.52 to $64.00 in a research report on Wednesday, August 9th. Wedbush reiterated a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Finally, BidaskClub upgraded Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Twelve investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $63.31.

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

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