Stratos Wealth Partners LTD. decreased its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 77,042 shares of the coffee company’s stock after selling 4,514 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Starbucks were worth $4,138,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SBUX. Janus Henderson Group PLC boosted its stake in shares of Starbucks by 3,076.5% during the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after buying an additional 13,452,551 shares during the period. Parnassus Investments CA acquired a new stake in shares of Starbucks during the third quarter worth about $498,863,000. Renaissance Technologies LLC boosted its stake in shares of Starbucks by 539.2% during the second quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock worth $228,504,000 after buying an additional 3,305,700 shares during the period. Vanguard Group Inc. lifted its position in Starbucks by 2.1% in the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock valued at $5,505,491,000 after purchasing an additional 1,953,003 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Starbucks by 3,007.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,904,800 shares of the coffee company’s stock valued at $111,069,000 after purchasing an additional 1,843,500 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.

Starbucks Co. (NASDAQ:SBUX) opened at $60.40 on Friday. Starbucks Co. has a 1-year low of $52.58 and a 1-year high of $64.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The stock has a market cap of $85,937.13, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.61 and a beta of 0.75.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks 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 analysts’ expectations of $5.81 billion. During the same period last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Starbucks Co. will post 2.37 EPS for the current year.

In other news, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the completion of the transaction, the director now directly owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joshua Cooper Ramo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 497,808 shares of company stock valued at $28,559,521. 3.40% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the stock. Stephens restated an “equal weight” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. Credit Suisse Group reduced 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. OTR Global upgraded shares of Starbucks to a “positive” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets restated a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Starbucks has an average rating of “Buy” and a consensus price target of $63.23.

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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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