Starbucks Corporation (SBUX) Shares Bought by Winfield Associates Inc.
Winfield Associates Inc. grew its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,260 shares of the coffee company’s stock after purchasing an additional 25 shares during the quarter. Winfield Associates Inc.’s holdings in Starbucks Corporation were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Jacobi Capital Management LLC grew its position in shares of Starbucks Corporation by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after acquiring an additional 50 shares during the last quarter. Gradient Investments LLC grew its position in shares of Starbucks Corporation by 2.5% during the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after acquiring an additional 46 shares during the last quarter. Sharkey Howes & Javer grew its position in shares of Starbucks Corporation by 8.5% during the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after acquiring an additional 150 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Starbucks Corporation by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after acquiring an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC purchased a new position in shares of Starbucks Corporation during the first quarter worth approximately $122,000. 70.99% of the stock is currently owned by institutional investors.
Starbucks Corporation (NASDAQ:SBUX) opened at 54.67 on Monday. The stock’s 50 day moving average is $54.15 and its 200-day moving average is $57.87. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The firm has a market cap of $78.94 billion, a P/E ratio of 27.60 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. Analysts forecast that Starbucks Corporation will post $2.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio is currently 50.76%.
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In related news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now directly owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 18,000 shares of Starbucks Corporation stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $55.30 per share, with a total value of $995,400.00. Following the completion of the purchase, the director now owns 18,000 shares in the company, valued at approximately $995,400. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on SBUX shares. Jefferies Group LLC restated an “average” rating and set a $65.00 target price on shares of Starbucks Corporation in a research report on Friday, July 28th. UBS AG set a $70.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 28th. BidaskClub lowered shares of Starbucks Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Sanford C. Bernstein restated a “buy” rating and set a $67.00 target price on shares of Starbucks Corporation in a research report on Monday, June 12th. Finally, Vetr upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 target price on the stock in a research report on Thursday, June 8th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $64.64.
Starbucks Corporation 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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