First Bank & Trust lessened its holdings in Starbucks Corporation (NASDAQ:SBUX) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,085 shares of the coffee company’s stock after selling 228 shares during the period. First Bank & Trust’s holdings in Starbucks Corporation were worth $647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Regent Investment Management LLC increased its position in Starbucks Corporation by 6.8% during the second quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock valued at $273,000 after acquiring an additional 300 shares during the last quarter. Cape Cod Five Cents Savings Bank increased its position in Starbucks Corporation by 16.9% during the second quarter. Cape Cod Five Cents Savings Bank now owns 31,902 shares of the coffee company’s stock valued at $1,861,000 after acquiring an additional 4,616 shares during the last quarter. Personal Capital Advisors Corp increased its position in Starbucks Corporation by 8.0% during the second quarter. Personal Capital Advisors Corp now owns 369,606 shares of the coffee company’s stock valued at $21,552,000 after acquiring an additional 27,508 shares during the last quarter. Magellan Asset Management Ltd increased its position in Starbucks Corporation by 3,809,645.9% during the first quarter. Magellan Asset Management Ltd now owns 18,667,755 shares of the coffee company’s stock valued at $1,090,000,000 after acquiring an additional 18,667,265 shares during the last quarter. Finally, Shelton Capital Management increased its position in Starbucks Corporation by 104.4% during the first quarter. Shelton Capital Management now owns 202,191 shares of the coffee company’s stock valued at $11,806,000 after acquiring an additional 103,256 shares during the last quarter. Institutional investors own 70.83% of the company’s stock.

Shares of Starbucks Corporation (NASDAQ SBUX) opened at 53.93 on Thursday. The stock’s 50 day moving average is $54.26 and its 200-day moving average is $57.77. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87. The firm has a market cap of $77.87 billion, a PE ratio of 27.22 and a beta of 0.78.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, equities analysts predict that Starbucks Corporation will post $2.06 EPS for the current fiscal year.

A number of research analysts have weighed in on SBUX shares. Mizuho started coverage on shares of Starbucks Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $75.00 price objective on the stock. Vetr upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price objective on the stock in a research report on Thursday, June 8th. Sanford C. Bernstein reiterated a “buy” rating and set a $67.00 price objective on shares of Starbucks Corporation in a research report on Monday, June 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Starbucks Corporation in a report on Tuesday, June 13th. Finally, Wedbush cut shares of Starbucks Corporation from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $61.00 to $65.00 in a report on Wednesday, June 14th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $64.34.

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In related news, Director Jorgen Vig Knudstorp bought 18,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $55.30 per share, with a total value of $995,400.00. Following the completion of the acquisition, the director now owns 18,000 shares in the company, valued at approximately $995,400. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Myron E. Ullman III sold 22,966 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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