Starbucks Co. (NASDAQ:SBUX) Stock Holdings Lifted by Everett Harris & Co. CA

Everett Harris & Co. CA lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 603,572 shares of the coffee company’s stock after buying an additional 5,722 shares during the quarter. Starbucks makes up 1.3% of Everett Harris & Co. CA’s portfolio, making the stock its 21st biggest position. Everett Harris & Co. CA owned approximately 0.05% of Starbucks worth $53,368,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SBUX. Corient Capital Partners LLC increased its holdings in shares of Starbucks by 16.6% in the 3rd quarter. Corient Capital Partners LLC now owns 44,113 shares of the coffee company’s stock worth $3,901,000 after acquiring an additional 6,286 shares during the period. Banco Santander S.A. increased its holdings in shares of Starbucks by 1,336.5% in the 3rd quarter. Banco Santander S.A. now owns 920,478 shares of the coffee company’s stock worth $81,389,000 after acquiring an additional 856,400 shares during the period. Copeland Capital Management LLC increased its holdings in shares of Starbucks by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 48,577 shares of the coffee company’s stock worth $4,295,000 after acquiring an additional 303 shares during the period. Cavalier Investments LLC increased its holdings in shares of Starbucks by 101.0% in the 3rd quarter. Cavalier Investments LLC now owns 4,494 shares of the coffee company’s stock worth $397,000 after acquiring an additional 2,258 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Starbucks by 246.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 402 shares of the coffee company’s stock worth $36,000 after acquiring an additional 286 shares during the period. Institutional investors own 70.15% of the company’s stock.

In other news, CAO Jill Walker sold 2,000 shares of Starbucks stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $95.80, for a total value of $191,600.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Javier G. Teruel sold 59,838 shares of Starbucks stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $96.92, for a total transaction of $5,799,498.96. The disclosure for this sale can be found here. Insiders sold a total of 112,885 shares of company stock worth $10,707,543 in the last ninety days. Corporate insiders own 3.98% of the company’s stock.

SBUX has been the topic of a number of analyst reports. BTIG Research reaffirmed a “hold” rating on shares of Starbucks in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut shares of Starbucks from an “overweight” rating to a “neutral” rating in a report on Monday, July 29th. Barclays increased their price objective on shares of Starbucks from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. BMO Capital Markets increased their price objective on shares of Starbucks to $84.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. They noted that the move was a valuation call. Finally, Cowen set a $93.00 target price on shares of Starbucks and gave the company a “hold” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the stock. Starbucks has a consensus rating of “Hold” and an average target price of $90.07.

Shares of SBUX traded up $0.63 during mid-day trading on Wednesday, hitting $83.95. The company’s stock had a trading volume of 492,387 shares, compared to its average volume of 8,257,894. The firm has a 50-day moving average price of $85.24 and a 200 day moving average price of $86.65. The stock has a market capitalization of $97.88 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.02 and a beta of 0.53. Starbucks Co. has a fifty-two week low of $60.42 and a fifty-two week high of $99.72.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.70 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Starbucks had a net margin of 13.58% and a negative return on equity of 75.45%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Equities research analysts forecast that Starbucks Co. will post 3.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th will be paid a $0.41 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.64 annualized dividend and a dividend yield of 1.95%. This is a boost from Starbucks’s previous quarterly dividend of $0.36. Starbucks’s payout ratio is currently 50.88%.

Starbucks Company 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 beverages, iced tea, 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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