Starbucks Co. (SBUX) Stake Lifted by Halsey Associates Inc. CT

Halsey Associates Inc. CT lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,294 shares of the coffee company’s stock after purchasing an additional 16,370 shares during the quarter. Starbucks accounts for about 2.1% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 18th biggest holding. Halsey Associates Inc. CT’s holdings in Starbucks were worth $10,908,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SBUX. Dorsey & Whitney Trust CO LLC increased its position in Starbucks by 8.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,863 shares of the coffee company’s stock valued at $629,000 after acquiring an additional 884 shares during the last quarter. Scholtz & Company LLC increased its position in Starbucks by 3.7% in the first quarter. Scholtz & Company LLC now owns 25,750 shares of the coffee company’s stock worth $1,491,000 after buying an additional 925 shares in the last quarter. Mutual Advisors LLC increased its position in Starbucks by 5.5% in the first quarter. Mutual Advisors LLC now owns 18,464 shares of the coffee company’s stock worth $1,069,000 after buying an additional 959 shares in the last quarter. DDD Partners LLC increased its position in Starbucks by 13.3% in the second quarter. DDD Partners LLC now owns 8,317 shares of the coffee company’s stock worth $406,000 after buying an additional 975 shares in the last quarter. Finally, Vontobel Swiss Wealth Advisors AG increased its position in Starbucks by 2.7% in the first quarter. Vontobel Swiss Wealth Advisors AG now owns 36,693 shares of the coffee company’s stock worth $2,124,000 after buying an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

In other Starbucks news, insider Rosalind G. Brewer acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was purchased at an average price of $54.04 per share, with a total value of $270,200.00. Following the completion of the purchase, the insider now directly owns 7,302 shares in the company, valued at approximately $394,600.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Javier G. Teruel sold 166,666 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $52.70, for a total value of $8,783,298.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 295,832 shares of company stock valued at $15,834,037. Corporate insiders own 3.40% of the company’s stock.

A number of analysts have commented on SBUX shares. Barclays reduced their price target on Starbucks to $60.00 in a research report on Wednesday, June 20th. UBS Group restated a “buy” rating on shares of Starbucks in a research report on Wednesday, June 20th. Jefferies Financial Group reduced their price target on Starbucks from $69.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, June 26th. They noted that the move was a valuation call. BidaskClub upgraded Starbucks from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley cut Starbucks from an “overweight” rating to an “equal weight” rating and set a $67.00 price target for the company. in a research report on Wednesday, June 20th. Fourteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and a consensus target price of $60.02.

NASDAQ SBUX opened at $54.75 on Friday. The stock has a market capitalization of $74.16 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.63 and a beta of 0.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.01 and a quick ratio of 0.76. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $61.94.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 26th. The coffee company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.25 billion. Starbucks had a return on equity of 67.11% and a net margin of 18.87%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. equities research analysts predict that Starbucks Co. will post 2.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Thursday, August 9th were paid a $0.36 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.63%. Starbucks’s dividend payout ratio is 69.90%.

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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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