Williams Jones & Associates LLC raised its position in shares of Starbucks Corp. (NASDAQ:SBUX) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,018 shares of the coffee company’s stock after buying an additional 1,152 shares during the period. Williams Jones & Associates LLC’s holdings in Starbucks Corp. were worth $9,426,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its stake in shares of Starbucks Corp. by 8.2% in the first quarter. Panagora Asset Management Inc. now owns 742,453 shares of the coffee company’s stock valued at $44,324,000 after buying an additional 56,549 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Starbucks Corp. by 0.7% in the first quarter. Arizona State Retirement System now owns 452,138 shares of the coffee company’s stock valued at $26,993,000 after buying an additional 3,200 shares in the last quarter. Seven Eight Capital LLC raised its stake in shares of Starbucks Corp. by 817.7% in the first quarter. Seven Eight Capital LLC now owns 23,456 shares of the coffee company’s stock valued at $1,400,000 after buying an additional 20,900 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Starbucks Corp. by 6.1% in the first quarter. Squarepoint Ops LLC now owns 43,420 shares of the coffee company’s stock valued at $2,592,000 after buying an additional 2,486 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Starbucks Corp. by 3.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 377,149 shares of the coffee company’s stock valued at $22,539,000 after buying an additional 11,487 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

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

Shares of Starbucks Corp. (NASDAQ:SBUX) traded down 0.14% during trading on Friday, hitting $55.77. 8,740,953 shares of the stock traded hands. The firm has a 50-day moving average of $53.59 and a 200-day moving average of $55.22. Starbucks Corp. has a 1-year low of $50.84 and a 1-year high of $63.19. The firm has a market capitalization of $81.45 billion, a price-to-earnings ratio of 29.43 and a beta of 0.77.

Starbucks Corp. (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 3rd. The coffee company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.68 billion. Starbucks Corp. had a net margin of 13.22% and a return on equity of 49.88%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, equities analysts forecast that Starbucks Corp. will post $2.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 17th will be paid a $0.25 dividend. This is an increase from Starbucks Corp.’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.79%. Starbucks Corp.’s dividend payout ratio is presently 52.63%.

SBUX has been the subject of several recent research reports. BTIG Research cut their target price on Starbucks Corp. from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. RBC Capital Markets restated an “outperform” rating and set a $68.00 target price on shares of Starbucks Corp. in a report on Monday, July 25th. Credit Agricole SA cut their target price on Starbucks Corp. from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, September 28th. Piper Jaffray Cos. restated an “outperform” rating and set a $72.00 target price on shares of Starbucks Corp. in a report on Friday, July 22nd. Finally, Macquarie upgraded Starbucks Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 14th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.50.

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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