Coastline Trust Co bought a new position in Starbucks Corporation (NASDAQ:SBUX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,445 shares of the coffee company’s stock, valued at approximately $201,000.

Several other institutional investors have also modified their holdings of SBUX. Appropriate Balance Financial Services Inc. boosted its position in Starbucks Corporation by 1.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after purchasing an additional 13 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in Starbucks Corporation by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC raised its holdings in Starbucks Corporation by 2.5% during the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after buying an additional 46 shares in the last quarter. Sharkey Howes & Javer raised its holdings in Starbucks Corporation by 8.5% during the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in Starbucks Corporation by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares in the last quarter. 72.01% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on SBUX. Guggenheim lowered Starbucks Corporation from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Wedbush restated a “hold” rating on shares of Starbucks Corporation in a report on Friday, July 28th. Jefferies Group LLC restated an “average” rating and set a $65.00 target price on shares of Starbucks Corporation in a report on Friday, July 28th. Stifel Nicolaus lowered Starbucks Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $66.00 to $58.00 in a research note on Friday, July 28th. Finally, UBS AG set a $67.00 price objective on Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Twelve investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.31.

Starbucks Corporation (NASDAQ:SBUX) opened at $57.24 on Friday. Starbucks Corporation has a one year low of $52.58 and a one year high of $64.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The company has a market cap of $81,171.72, a PE ratio of 27.39, a PEG ratio of 1.55 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the business posted $0.56 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. research analysts anticipate that Starbucks Corporation will post 2.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, November 15th. Starbucks Corporation’s dividend payout ratio (DPR) is 60.91%.

TRADEMARK VIOLATION NOTICE: “Coastline Trust Co Takes $201,000 Position in Starbucks Corporation (SBUX)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/17/coastline-trust-co-takes-201000-position-in-starbucks-corporation-sbux.html.

In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $53.54, for a total value of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the completion of the transaction, the director now directly owns 36,966 shares in the company, valued at $1,974,354.06. The disclosure for this sale can be found here. Insiders sold a total of 443,884 shares of company stock valued at $25,041,780 over the last quarter. 3.40% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX).

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

Receive News & Stock Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related stocks with our FREE daily email newsletter.