Starbucks Co. (SBUX) Shares Bought by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 26.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,974 shares of the coffee company’s stock after purchasing an additional 19,319 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Starbucks were worth $5,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SBUX. BlackRock Inc. grew its stake in shares of Starbucks by 0.6% during the second quarter. BlackRock Inc. now owns 84,654,465 shares of the coffee company’s stock worth $4,135,368,000 after buying an additional 477,124 shares during the last quarter. Morgan Stanley grew its stake in shares of Starbucks by 2.0% during the second quarter. Morgan Stanley now owns 47,116,946 shares of the coffee company’s stock worth $2,301,661,000 after buying an additional 928,175 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Starbucks by 5.2% in the second quarter. Magellan Asset Management Ltd now owns 32,392,116 shares of the coffee company’s stock worth $1,582,355,000 after purchasing an additional 1,613,187 shares during the last quarter. Polen Capital Management LLC grew its stake in shares of Starbucks by 0.5% in the second quarter. Polen Capital Management LLC now owns 12,286,385 shares of the coffee company’s stock worth $600,190,000 after purchasing an additional 56,588 shares during the last quarter. Finally, Parnassus Investments CA grew its stake in shares of Starbucks by 26.8% in the second quarter. Parnassus Investments CA now owns 12,052,546 shares of the coffee company’s stock worth $588,767,000 after purchasing an additional 2,543,697 shares during the last quarter. Institutional investors and hedge funds own 71.77% of the company’s stock.

In other news, Director Javier G. Teruel sold 166,666 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $52.70, for a total transaction of $8,783,298.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Myron E. Ullman III sold 99,166 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total transaction of $5,459,088.30. Following the transaction, the director now owns 29,000 shares in the company, valued at approximately $1,596,450. The disclosure for this sale can be found here. Insiders have sold 280,832 shares of company stock worth $15,052,087 in the last ninety days. Insiders own 3.40% of the company’s stock.

Several analysts recently weighed in on the stock. UBS Group cut shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Monday. DZ Bank cut shares of Starbucks to a “sell” rating in a research note on Monday. Mizuho raised shares of Starbucks from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $75.00 in a research note on Monday. Barclays boosted their price objective on shares of Starbucks from $56.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, November 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Starbucks from $51.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, November 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Starbucks presently has a consensus rating of “Hold” and a consensus price target of $63.48.

Shares of SBUX opened at $68.72 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.95 and a debt-to-equity ratio of 7.73. The firm has a market cap of $89.05 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.78 and a beta of 0.48. Starbucks Co. has a 12 month low of $47.37 and a 12 month high of $68.98.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, sell-side analysts predict that Starbucks Co. will post 2.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.10%. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

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Starbucks Profile

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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