Exxonmobil Investment Management Inc. TX lowered its position in Starbucks Corp. (NASDAQ:SBUX) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,475 shares of the coffee company’s stock after selling 4,715 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Starbucks Corp. were worth $20,274,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. boosted its stake in Starbucks Corp. by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,062 shares of the coffee company’s stock worth $118,000 after buying an additional 6 shares during the period. Advisory Services Network LLC boosted 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 worth $248,000 after buying an additional 13 shares during the period. Park National Corp OH boosted its stake in Starbucks Corp. by 0.3% in the third quarter. Park National Corp OH now owns 5,141 shares of the coffee company’s stock worth $278,000 after buying an additional 13 shares during the period. Autus Asset Management LLC boosted its stake in Starbucks Corp. by 0.9% in the second quarter. Autus Asset Management LLC now owns 4,699 shares of the coffee company’s stock worth $269,000 after buying an additional 40 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its stake in Starbucks Corp. by 0.9% in the second quarter. Roberts Glore & Co. Inc. IL now owns 5,325 shares of the coffee company’s stock worth $304,000 after buying an additional 50 shares during the period. 69.08% of the stock is owned by institutional investors.

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

Starbucks Corp. (NASDAQ:SBUX) traded down 0.28% during trading on Friday, reaching $57.43. 3,228,848 shares of the company’s stock were exchanged. The company’s 50-day moving average is $54.05 and its 200-day moving average is $55.23. The company has a market capitalization of $83.58 billion, a PE ratio of 30.23 and a beta of 0.77. Starbucks Corp. has a 1-year low of $50.84 and a 1-year high of $62.54.

Starbucks Corp. (NASDAQ:SBUX) last issued its earnings results on Thursday, November 3rd. The coffee company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company earned $5.71 billion during 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 company’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. Equities research analysts expect that Starbucks Corp. will post $2.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Starbucks Corp.’s previous quarterly dividend of $0.20. Starbucks Corp.’s dividend payout ratio (DPR) is 52.63%.

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A number of analysts have recently commented on SBUX shares. Robert W. Baird reiterated an “outperform” rating on shares of Starbucks Corp. in a research report on Thursday, September 8th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $69.00 price target on shares of Starbucks Corp. in a research report on Friday, September 23rd. BMO Capital Markets restated a “buy” rating on shares of Starbucks Corp. in a research report on Friday, November 4th. Vetr cut Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.81 price target on the stock. in a research report on Tuesday. Finally, Zacks Investment Research cut Starbucks Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Starbucks Corp. presently has a consensus rating of “Buy” and an average target price of $63.72.

Starbucks Corp. Company Profile

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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