Public Employees Retirement Association of Colorado lowered its position in shares of Starbucks Corp. (NASDAQ:SBUX) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,630 shares of the coffee company’s stock after selling 17,239 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Starbucks Corp. were worth $17,915,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Advisory Services Network LLC raised its stake in Starbucks Corp. by 0.3% in the second quarter. Advisory Services Network LLC now owns 4,339 shares of the coffee company’s stock valued at $248,000 after buying an additional 13 shares in the last quarter. CLS Investments LLC raised its stake in Starbucks Corp. by 0.4% in the first quarter. CLS Investments LLC now owns 15,413 shares of the coffee company’s stock valued at $920,000 after buying an additional 68 shares in the last quarter. Abner Herrman & Brock LLC raised its stake in Starbucks Corp. by 2.4% in the second quarter. Abner Herrman & Brock LLC now owns 4,152 shares of the coffee company’s stock valued at $234,000 after buying an additional 97 shares in the last quarter. Trust Co raised its stake in Starbucks Corp. by 1.4% in the first quarter. Trust Co now owns 7,164 shares of the coffee company’s stock valued at $428,000 after buying an additional 101 shares in the last quarter. Finally, Aviance Capital Management LLC raised its stake in Starbucks Corp. by 1.2% in the second quarter. Aviance Capital Management LLC now owns 9,768 shares of the coffee company’s stock valued at $558,000 after buying an additional 112 shares in the last quarter. Institutional investors own 68.13% of the company’s stock.

Institutional Ownership by Quarter for Starbucks Corp. (NASDAQ:SBUX)

Shares of Starbucks Corp. (NASDAQ:SBUX) traded down 0.56% during mid-day trading on Tuesday, hitting $53.00. 6,667,201 shares of the stock traded hands. The stock has a 50 day moving average price of $54.79 and a 200-day moving average price of $56.35. Starbucks Corp. has a one year low of $52.63 and a one year high of $64.00. The company has a market cap of $77.73 billion, a P/E ratio of 29.78 and a beta of 0.83.

Starbucks Corp. (NASDAQ:SBUX) last announced its earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Starbucks Corp. had a net margin of 13.01% and a return on equity of 46.89%. The firm earned $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. On average, analysts forecast that Starbucks Corp. will post $1.89 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Starbucks Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Deutsche Bank AG set a $64.00 price objective on shares of Starbucks Corp. and gave the stock a “hold” rating in a research report on Sunday, July 24th. Robert W. Baird reaffirmed an “outperform” rating on shares of Starbucks Corp. in a research report on Tuesday, June 28th. Nomura reaffirmed a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, July 12th. Finally, Jefferies Group reaffirmed an “in-line” rating and issued a $65.00 price objective (down previously from $70.00) on shares of Starbucks Corp. in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.54.

In related news, Director Myron E. Ullman III sold 12,654 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $58.70, for a total value of $742,789.80. Following the completion of the transaction, the director now owns 26,654 shares of the company’s stock, valued at approximately $1,564,589.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.38% of the stock is currently owned by corporate insiders.

About Starbucks Corp.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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