Starbucks Corporation (SBUX) Position Maintained by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC held its stake in Starbucks Corporation (NASDAQ:SBUX) during the first quarter, according to its most recent filing with the SEC. The fund owned 4,758 shares of the coffee company’s stock at the end of the first quarter. Arete Wealth Advisors LLC’s holdings in Starbucks Corporation were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBUX. Markel Corp increased its stake in Starbucks Corporation by 116.7% in the first quarter. Markel Corp now owns 26,000 shares of the coffee company’s stock valued at $1,518,000 after buying an additional 14,000 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Starbucks Corporation by 43.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,625,932 shares of the coffee company’s stock valued at $94,938,000 after buying an additional 489,506 shares in the last quarter. Tarbox Group Inc. increased its stake in Starbucks Corporation by 819.3% in the first quarter. Tarbox Group Inc. now owns 3,999 shares of the coffee company’s stock valued at $234,000 after buying an additional 3,564 shares in the last quarter. North Star Investment Management Corp. increased its stake in Starbucks Corporation by 2.6% in the first quarter. North Star Investment Management Corp. now owns 40,762 shares of the coffee company’s stock valued at $2,380,000 after buying an additional 1,047 shares in the last quarter. Finally, Saratoga Research & Investment Management increased its stake in Starbucks Corporation by 339.8% in the first quarter. Saratoga Research & Investment Management now owns 273,263 shares of the coffee company’s stock valued at $15,956,000 after buying an additional 211,134 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation (NASDAQ SBUX) opened at 60.14 on Friday. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87. The firm has a 50-day moving average price of $61.48 and a 200 day moving average price of $58.34. The stock has a market capitalization of $87.09 billion, a price-to-earnings ratio of 29.74 and a beta of 0.76.

Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Starbucks Corporation had a net margin of 13.47% and a return on equity of 51.65%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Starbucks Corporation’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Starbucks Corporation will post $2.10 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Thursday, May 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, May 9th. Starbucks Corporation’s payout ratio is presently 49.75%.

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Several analysts have commented on the company. Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 price objective for the company. in a research note on Thursday, May 25th. Mizuho assumed coverage on Starbucks Corporation in a research note on Thursday, June 8th. They set a “buy” rating and a $75.00 price objective for the company. Sanford C. Bernstein reaffirmed a “buy” rating and set a $67.00 price objective on shares of Starbucks Corporation in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Starbucks Corporation in a research note on Tuesday. Finally, OTR Global downgraded Starbucks Corporation to a “positive” rating in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $65.15.

In other Starbucks Corporation news, insider Clifford Burrows sold 114,826 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the transaction, the insider now owns 363,343 shares of the company’s stock, valued at approximately $21,604,374.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total transaction of $606,300.00. Following the transaction, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,455,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,826 shares of company stock valued at $8,642,454. 3.40% of the stock is owned by company insiders.

About Starbucks Corporation

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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