Arcadia Investment Management Corp MI reduced its position in Starbucks Corporation (NASDAQ:SBUX) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,568 shares of the coffee company’s stock after selling 10,165 shares during the period. Starbucks Corporation comprises about 3.4% of Arcadia Investment Management Corp MI’s holdings, making the stock its largest position. Arcadia Investment Management Corp MI’s holdings in Starbucks Corporation were worth $10,155,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Starbucks Corporation by 0.8% in the second quarter. Vanguard Group Inc. now owns 86,325,173 shares of the coffee company’s stock worth $4,930,894,000 after buying an additional 715,837 shares during the last quarter. Capital World Investors raised its position in Starbucks Corporation by 8.1% in the second quarter. Capital World Investors now owns 26,626,026 shares of the coffee company’s stock worth $1,520,879,000 after buying an additional 2,000,107 shares during the last quarter. Janus Capital Management LLC raised its position in Starbucks Corporation by 8.7% in the second quarter. Janus Capital Management LLC now owns 21,122,832 shares of the coffee company’s stock worth $1,206,513,000 after buying an additional 1,691,400 shares during the last quarter. BlackRock Group LTD raised its position in Starbucks Corporation by 1.7% in the second quarter. BlackRock Group LTD now owns 12,722,311 shares of the coffee company’s stock worth $726,698,000 after buying an additional 216,480 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Starbucks Corporation by 8.8% in the second quarter. Alliancebernstein L.P. now owns 12,179,597 shares of the coffee company’s stock worth $695,699,000 after buying an additional 983,157 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation (NASDAQ:SBUX) traded down 0.31% during mid-day trading on Tuesday, hitting $58.02. 3,698,485 shares of the company were exchanged. The company has a market capitalization of $84.44 billion, a P/E ratio of 30.54 and a beta of 0.80. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $61.78. The company’s 50-day moving average is $57.38 and its 200 day moving average is $55.67.

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

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Several equities analysts recently issued reports on SBUX shares. BTIG Research set a $64.00 price target on Starbucks Corporation and gave the company a “buy” rating in a research note on Monday, September 12th. RBC Capital Markets restated an “outperform” rating and set a $68.00 price target on shares of Starbucks Corporation in a research note on Tuesday, September 13th. Vetr upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $60.97 price target on the stock in a research note on Tuesday, September 13th. Macquarie upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 14th. Finally, Longbow Research started coverage on Starbucks Corporation in a research note on Wednesday, September 21st. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Starbucks Corporation has a consensus rating of “Buy” and an average target price of $63.89.

In other Starbucks Corporation news, insider Clifford Burrows sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $58.88, for a total value of $4,710,400.00. Following the sale, the insider now owns 248,517 shares in the company, valued at $14,632,680.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Culver sold 168,814 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $58.65, for a total transaction of $9,900,941.10. Following the completion of the sale, the insider now owns 478,446 shares in the company, valued at approximately $28,060,857.90. The disclosure for this sale can be found here. 3.38% of the stock is currently owned by company insiders.

About Starbucks Corporation

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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