Starbucks Corporation (SBUX) Shares Sold by Wsfs Capital Management LLC
Wsfs Capital Management LLC lowered its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,586 shares of the coffee company’s stock after selling 538 shares during the quarter. Wsfs Capital Management LLC’s holdings in Starbucks Corporation were worth $442,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in SBUX. Jacobi Capital Management LLC lifted its position in 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 purchasing an additional 50 shares during the period. Gradient Investments LLC raised its position in shares of Starbucks Corporation by 2.5% in 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 period. Sharkey Howes & Javer raised its position in shares of Starbucks Corporation by 8.5% in 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 period. IHT Wealth Management LLC raised its position in shares of Starbucks Corporation by 10.2% in 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 period. Finally, Valley National Advisers Inc. raised its position in shares of Starbucks Corporation by 2.8% in the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after acquiring an additional 57 shares during the period. Institutional investors own 71.49% of the company’s stock.
In related news, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 10,438 shares of the company’s stock, valued at $594,444.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Javier G. Teruel sold 62,966 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. Insiders sold 525,550 shares of company stock valued at $29,688,442 over the last three months. 3.40% of the stock is owned by company insiders.
Starbucks Corporation (NASDAQ SBUX) opened at $56.80 on Friday. The firm has a market cap of $81,298.80, a P/E ratio of 27.60, a PEG ratio of 1.56 and a beta of 0.72. Starbucks Corporation has a 52 week low of $52.58 and a 52 week high of $64.87. 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 results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. equities research analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.11%. Starbucks Corporation’s dividend payout ratio (DPR) is currently 60.91%.
A number of brokerages recently weighed in on SBUX. UBS AG set a $67.00 price target on shares of Starbucks Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Jefferies Group LLC reiterated an “average” rating and issued a $65.00 price target on shares of Starbucks Corporation in a research report on Friday, July 28th. Wedbush reiterated a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Guggenheim downgraded shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus downgraded shares of Starbucks Corporation from a “buy” rating to a “hold” rating and cut their price target for the company from $66.00 to $58.00 in a research report on Friday, July 28th. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.31.
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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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