Massey Quick Simon & CO. LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 12.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,604 shares of the coffee company’s stock after purchasing an additional 287 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in Starbucks were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SBUX. Nuveen Asset Management LLC grew its stake in shares of Starbucks by 977.6% during the second quarter. Nuveen Asset Management LLC now owns 7,923,411 shares of the coffee company’s stock worth $664,219,000 after purchasing an additional 7,188,139 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Starbucks by 18.4% in the second quarter. Invesco Ltd. now owns 17,382,380 shares of the coffee company’s stock worth $1,457,167,000 after acquiring an additional 2,706,533 shares during the period. APG Asset Management N.V. grew its holdings in shares of Starbucks by 87.0% in the second quarter. APG Asset Management N.V. now owns 5,538,794 shares of the coffee company’s stock worth $407,725,000 after acquiring an additional 2,576,900 shares during the period. Prudential Financial Inc. grew its holdings in shares of Starbucks by 166.3% in the second quarter. Prudential Financial Inc. now owns 3,901,446 shares of the coffee company’s stock worth $327,058,000 after acquiring an additional 2,436,385 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Starbucks by 162.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,327,726 shares of the coffee company’s stock worth $278,964,000 after acquiring an additional 2,058,082 shares during the period. 70.80% of the stock is currently owned by institutional investors and hedge funds.

In other Starbucks news, CAO Jill Walker sold 2,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $95.80, for a total transaction of $191,600.00. Following the sale, the chief accounting officer now owns 39,999 shares of the company’s stock, valued at approximately $3,831,904.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 9,973 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $88.63, for a total transaction of $883,906.99. Following the sale, the director now directly owns 28,407 shares in the company, valued at approximately $2,517,712.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,767 shares of company stock worth $13,730,357. 3.98% of the stock is owned by insiders.

Shares of SBUX traded down $0.03 during trading hours on Wednesday, hitting $86.42. The stock had a trading volume of 138,537 shares, compared to its average volume of 6,077,524. The company’s fifty day moving average is $90.65 and its two-hundred day moving average is $85.52. Starbucks Co. has a 52 week low of $56.77 and a 52 week high of $99.72. The stock has a market capitalization of $103.37 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.11 and a beta of 0.53.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Starbucks had a net margin of 13.63% and a negative return on equity of 125.91%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Starbucks Co. will post 2.83 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Starbucks from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Tuesday, June 18th. Robert W. Baird restated a “hold” rating on shares of Starbucks in a research note on Wednesday, September 4th. BidaskClub downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their price target on shares of Starbucks from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.10.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

See Also: What is the operating income formula?

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

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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