Intellectus Partners LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,871 shares of the coffee company’s stock after purchasing an additional 1,412 shares during the period. Intellectus Partners LLC’s holdings in Starbucks were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBUX. Jacobi Capital Management LLC boosted its holdings in Starbucks by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after purchasing an additional 50 shares during the period. IHT Wealth Management LLC boosted its holdings in Starbucks by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after purchasing an additional 187 shares during the period. Valley National Advisers Inc. boosted its holdings in Starbucks by 2.8% in the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in Starbucks in the 2nd quarter valued at $128,000. Finally, Kings Point Capital Management boosted its holdings in Starbucks by 22.5% in the 1st quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock valued at $135,000 after purchasing an additional 425 shares during the period. 71.07% of the stock is owned by hedge funds and other institutional investors.

Starbucks Corporation (SBUX) opened at $59.07 on Tuesday. Starbucks Corporation has a 1-year low of $52.58 and a 1-year high of $64.87. The stock has a market cap of $83,390.31, a PE ratio of 28.31, a P/E/G ratio of 1.60 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s dividend payout ratio (DPR) is presently 60.91%.

SBUX has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Morgan Stanley raised their price objective on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price objective for the company. in a report on Monday, November 13th. UBS set a $64.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Starbucks in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.26.

In other Starbucks news, insider Howard D. Schultz sold 290,176 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total value of $16,548,737.28. Following the completion of the sale, the insider now owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Javier G. Teruel sold 62,966 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock valued at $28,559,521 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

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Starbucks 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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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