Triodos Investment Management BV lessened its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,665 shares of the coffee company’s stock after selling 10,235 shares during the quarter. Starbucks comprises about 4.4% of Triodos Investment Management BV’s investment portfolio, making the stock its 8th biggest holding. Triodos Investment Management BV’s holdings in Starbucks were worth $17,478,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abbrea Capital LLC increased its position in Starbucks by 1.9% during the 2nd quarter. Abbrea Capital LLC now owns 5,525 shares of the coffee company’s stock valued at $463,000 after buying an additional 105 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Starbucks by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 38,395 shares of the coffee company’s stock valued at $3,219,000 after purchasing an additional 115 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of Starbucks by 0.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 30,160 shares of the coffee company’s stock valued at $2,528,000 after purchasing an additional 120 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Starbucks by 0.4% in the 3rd quarter. LS Investment Advisors LLC now owns 28,438 shares of the coffee company’s stock valued at $2,514,000 after purchasing an additional 121 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its holdings in shares of Starbucks by 0.8% in the 2nd quarter. D.B. Root & Company LLC now owns 14,929 shares of the coffee company’s stock valued at $1,251,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 70.68% of the company’s stock.
Starbucks stock traded down $0.18 during mid-day trading on Friday, hitting $81.77. The company’s stock had a trading volume of 7,054,700 shares, compared to its average volume of 8,267,584. The stock has a market capitalization of $98.02 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.03 and a beta of 0.53. The stock’s fifty day moving average price is $85.72 and its two-hundred day moving average price is $86.55. Starbucks Co. has a twelve month low of $60.42 and a twelve month high of $99.72.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.70. Starbucks had a net margin of 13.58% and a negative return on equity of 75.45%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. Starbucks’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that Starbucks Co. will post 3.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Starbucks’s previous quarterly dividend of $0.36. Starbucks’s payout ratio is 50.88%.
Several brokerages recently issued reports on SBUX. Jefferies Financial Group boosted their price target on Starbucks from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer raised their target price on shares of Starbucks from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BidaskClub cut shares of Starbucks from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. Robert W. Baird reissued a “hold” rating on shares of Starbucks in a report on Wednesday, September 4th. Finally, BMO Capital Markets raised their target price 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. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.64.
In other Starbucks news, Director Javier G. Teruel sold 59,838 shares of Starbucks stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.92, for a total transaction of $5,799,498.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Myron E. Ullman III sold 9,973 shares of Starbucks stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $96.42, for a total transaction of $961,596.66. The disclosure for this sale can be found here. Insiders have sold a total of 112,885 shares of company stock valued at $10,707,543 in the last 90 days. 3.98% of the stock is currently owned by company insiders.
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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