Stillwater Investment Management LLC lifted its position in Starbucks Co. (NASDAQ:SBUX) by 1.7% in the 2nd quarter, Holdings Channel reports. The fund owned 38,923 shares of the coffee company’s stock after acquiring an additional 634 shares during the quarter. Starbucks accounts for 1.1% of Stillwater Investment Management LLC’s holdings, making the stock its 20th biggest holding. Stillwater Investment Management LLC’s holdings in Starbucks were worth $2,864,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital Wealth Alliance LLC bought a new position in shares of Starbucks in the 4th quarter worth approximately $25,000. RMR Wealth Builders bought a new position in Starbucks during the 4th quarter valued at approximately $26,000. Solstein Capital LLC bought a new position in Starbucks during the 4th quarter valued at approximately $32,000. Engrave Wealth Partners LLC bought a new position in Starbucks during the 4th quarter valued at approximately $34,000. Finally, Column Capital Advisors LLC increased its position in Starbucks by 57.0% during the 1st quarter. Column Capital Advisors LLC now owns 468 shares of the coffee company’s stock valued at $31,000 after buying an additional 170 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

Shares of SBUX stock traded up $1.38 on Monday, reaching $75.16. The stock had a trading volume of 230,266 shares, compared to its average volume of 11,222,990. The stock has a market cap of $87.27 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 6.67 and a beta of 0.79. Starbucks Co. has a 1 year low of $50.02 and a 1 year high of $99.72. The company has a 50 day simple moving average of $76.68 and a 200 day simple moving average of $79.22.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Starbucks had a negative return on equity of 50.19% and a net margin of 12.71%. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Starbucks Co. will post 0.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.41 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%. Starbucks’s dividend payout ratio is currently 57.95%.

A number of research analysts recently weighed in on the company. TheStreet lowered Starbucks from a “b-” rating to a “c” rating in a research report on Tuesday, April 28th. Barclays reduced their price objective on Starbucks from $97.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird reduced their price objective on Starbucks from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Wolfe Research began coverage on Starbucks in a research report on Friday, April 17th. They set an “outperform” rating and a $86.00 price objective for the company. Finally, Bank of America downgraded Starbucks from a “buy” rating to a “neutral” rating and increased their target price for the company from $68.00 to $73.00 in a research note on Thursday, April 9th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.56.

In related news, Director Myron E. Ullman III sold 4,252 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $74.89, for a total value of $318,432.28. Following the transaction, the director now directly owns 22,728 shares of the company’s stock, valued at approximately $1,702,099.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jill Walker sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $82.64, for a total value of $165,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,504 shares of company stock worth $813,923. 0.41% of the stock is owned by insiders.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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