Level Four Advisory Services LLC trimmed its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 23.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,207 shares of the coffee company’s stock after selling 11,550 shares during the period. Level Four Advisory Services LLC’s holdings in Starbucks were worth $2,224,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Appropriate Balance Financial Services Inc. grew its holdings in Starbucks by 1.6% during the 2nd 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 grew its holdings in Starbucks by 6.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Starbucks by 10.2% during 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 last quarter. Valley National Advisers Inc. grew its holdings in Starbucks by 2.8% during 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 last quarter. Finally, Shine Investment Advisory Services Inc. bought a new position in Starbucks during the 2nd quarter valued at about $128,000. Institutional investors own 71.07% of the company’s stock.

Shares of Starbucks Corporation (NASDAQ:SBUX) opened at $58.29 on Friday. Starbucks Corporation has a 52-week low of $52.58 and a 52-week high of $64.87. The firm has a market cap of $80,980.00, a P/E ratio of 28.74, a PEG ratio of 1.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s dividend payout ratio is presently 60.91%.

Several brokerages recently commented on SBUX. Robert W. Baird cut their price target on shares of Starbucks from $70.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $75.00 price objective on shares of Starbucks in a research report on Friday, September 29th. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price objective for the company. in a research report on Monday, November 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $67.00 price objective on shares of Starbucks in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group lowered their price objective on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Starbucks presently has a consensus rating of “Buy” and a consensus target price of $63.26.

In other news, SVP Paul Mutty sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the sale, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Weatherup sold 56,666 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. 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 ninety days. Corporate insiders own 3.40% of the company’s stock.

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About Starbucks

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 (NASDAQ:SBUX)

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