Starbucks Corporation (SBUX) Shares Bought by Bank Hapoalim BM
Bank Hapoalim BM increased its position in Starbucks Corporation (NASDAQ:SBUX) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,778 shares of the coffee company’s stock after buying an additional 5,415 shares during the period. Bank Hapoalim BM’s holdings in Starbucks Corporation were worth $2,206,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in SBUX. Gradient Investments LLC raised its stake in shares of Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock worth $109,000 after buying an additional 718 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Starbucks Corporation during the first quarter worth approximately $122,000. Quadrant Capital Group LLC raised its stake in shares of Starbucks Corporation by 9.1% in the first quarter. Quadrant Capital Group LLC now owns 2,489 shares of the coffee company’s stock worth $137,000 after buying an additional 207 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Starbucks Corporation during the first quarter worth approximately $140,000. Finally, Pinnacle Bank bought a new stake in shares of Starbucks Corporation during the first quarter worth approximately $146,000. Hedge funds and other institutional investors own 69.85% of the company’s stock.
Shares of Starbucks Corporation (NASDAQ:SBUX) opened at 55.44 on Monday. The company has a market cap of $80.05 billion, a PE ratio of 27.99 and a beta of 0.80. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The company has a 50-day moving average of $58.47 and a 200 day moving average of $58.49.
Starbucks Corporation (NASDAQ:SBUX) last announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Starbucks Corporation will post $2.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. Starbucks Corporation’s dividend payout ratio (DPR) is 50.76%.
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A number of analysts have recently commented on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 price target on shares of Starbucks Corporation in a research note on Tuesday, April 11th. Wedbush reiterated a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of Starbucks Corporation in a research note on Saturday, July 22nd. Stifel Nicolaus upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $67.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Vetr upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price target for the company in a research note on Thursday, June 8th. Finally, BidaskClub upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Starbucks Corporation currently has an average rating of “Buy” and a consensus price target of $64.93.
In other news, insider Clifford Burrows sold 114,826 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the transaction, the insider now owns 363,343 shares in the company, valued at approximately $21,604,374.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Starbucks Corporation Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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