Jacobs & Co. CA boosted its stake in shares of Starbucks Corp. (NASDAQ:SBUX) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,246 shares of the coffee company’s stock after buying an additional 11,263 shares during the period. Starbucks Corp. comprises approximately 1.8% of Jacobs & Co. CA’s holdings, making the stock its 11th largest position. Jacobs & Co. CA’s holdings in Starbucks Corp. were worth $7,917,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SBUX. Valley National Advisers Inc. increased its position in shares of 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 last quarter. Advisory Services Network LLC increased its position in shares of 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 last quarter. Park National Corp OH increased its position in shares of 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 last quarter. Autus Asset Management LLC increased its position in shares of 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 last quarter. Finally, Roberts Glore & Co. Inc. IL increased its position in shares of 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 last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

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

Starbucks Corp. (NASDAQ:SBUX) traded up 0.28% during mid-day trading on Monday, hitting $57.59. The stock had a trading volume of 8,693,692 shares. Starbucks Corp. has a 1-year low of $50.84 and a 1-year high of $62.54. The firm’s 50-day moving average price is $54.05 and its 200-day moving average price is $55.23. The stock has a market cap of $83.82 billion, a PE ratio of 30.31 and a beta of 0.77.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. This is an increase 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 research firms have recently issued reports on SBUX. Jefferies Group restated a “buy” rating and set a $65.00 price objective on shares of Starbucks Corp. in a research report on Wednesday, August 3rd. Wedbush restated an “outperform” rating and set a $70.00 price objective on shares of Starbucks Corp. in a research report on Tuesday, August 2nd. Robert W. Baird restated an “outperform” rating on shares of Starbucks Corp. in a research report on Thursday, September 8th. Vetr cut Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $62.81 price objective on the stock. in a research report on Tuesday, November 22nd. Finally, RBC Capital Markets restated an “outperform” rating and set a $68.00 price objective on shares of Starbucks Corp. in a research report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Starbucks Corp. 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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