TD Asset Management Inc. decreased its stake in shares of Starbucks Corp. (NASDAQ:SBUX) by 11.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 820,115 shares of the coffee company’s stock after selling 103,133 shares during the period. TD Asset Management Inc. owned approximately 0.06% of Starbucks Corp. worth $44,401,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SBUX. First National Trust Co. raised its stake in Starbucks Corp. by 0.9% in the third quarter. First National Trust Co. now owns 11,333 shares of the coffee company’s stock valued at $613,000 after buying an additional 104 shares during the last quarter. Bank of Hawaii raised its stake in Starbucks Corp. by 0.8% in the third quarter. Bank of Hawaii now owns 59,370 shares of the coffee company’s stock valued at $3,214,000 after buying an additional 472 shares during the last quarter. RMB Capital Management LLC raised its stake in Starbucks Corp. by 433.8% in the third quarter. RMB Capital Management LLC now owns 48,974 shares of the coffee company’s stock valued at $2,651,000 after buying an additional 39,800 shares during the last quarter. Texan Capital Management raised its stake in Starbucks Corp. by 0.3% in the third quarter. Texan Capital Management now owns 34,481 shares of the coffee company’s stock valued at $1,867,000 after buying an additional 100 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in Starbucks Corp. by 239.5% in the third quarter. Alps Advisors Inc. now owns 13,084 shares of the coffee company’s stock valued at $708,000 after buying an additional 9,230 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 0.54% during trading on Tuesday, reaching $57.90. The company’s stock had a trading volume of 855,456 shares. Starbucks Corp. has a 1-year low of $50.84 and a 1-year high of $62.54. The stock has a 50 day moving average price of $54.16 and a 200 day moving average price of $55.22. The stock has a market capitalization of $84.27 billion, a PE ratio of 30.47 and a beta of 0.77.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, November 15th. This is a positive change from Starbucks Corp.’s previous quarterly dividend of $0.20. Starbucks Corp.’s dividend payout ratio is 52.63%.

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Several research firms have recently commented on SBUX. Bank of America Corp. reaffirmed a “buy” rating and set a $67.00 price target on shares of Starbucks Corp. in a research report on Friday, November 4th. BMO Capital Markets reaffirmed a “buy” rating on shares of Starbucks Corp. in a research report on Friday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $70.00 price target on shares of Starbucks Corp. in a research report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating and set a $65.00 price target on shares of Starbucks Corp. in a research report on Sunday, November 6th. Finally, Buckingham Research started coverage on shares of Starbucks Corp. in a report on Monday, November 21st. They issued a “neutral” rating and a $50.84 target price for the company. Seven 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. The company currently has an average rating of “Buy” and a consensus target price of $63.72.

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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