IHT Wealth Management LLC increased its stake in shares of Starbucks Corporation by 10.2% in the first quarter. Baystate Wealth Management LLC now owns 3,802 shares of the coffee company's stock valued at $219,000 after buying an additional 1,212 shares during the period.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company's stock valued at $1,796,675,000 after buying an additional 2,234,324 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Starbucks Corporation by 9.1% in the first quarter. The fund owned 4,719 shares of the coffee company's stock after selling 1,200 shares during the period. Pacifica Capital Investments, LLC trimmed its ownership by shedding 8,350 shares a decrease of 1.6% from 03/31/2017 to 06/30/2017. Zevin Asset Management LLC now owns 61,924 shares of the coffee company's stock worth $3,616,000 after buying an additional 625 shares during the last quarter. Pinnacle Bank acquired a new position in shares of Starbucks Corporation during the first quarter worth approximately $146,000. Principal Financial Group Inc. now owns 4,476,324 shares of the coffee company's stock worth $261,014,000 after buying an additional 1,678,506 shares during the last quarter. Following the completion of the transaction, the director now directly owns 18,000 shares of the company's stock, valued at $995,400. Investors measure stock performance on the basis of a company's earnings power.
Shares of Starbucks Corporation (NASDAQ SBUX) traded down 1.3808% during mid-day trading on Wednesday, hitting $53.7672. About 2.86 million shares traded. Lee Danner & Bass Inc who had been investing in Starbucks Corp. for a number of months, seems to be bullish on the $77.48 billion market cap company. The firm has a 50-day moving average of $58.05 and a 200-day moving average of $58.43. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since August 7, 2016 and is uptrending. Marshall Wace Llp owns 0.01% invested in Starbucks Corporation (NASDAQ:SBUX) for 16,150 shares.
The company's Average Earnings Estimate for the Current Fiscal quarter is $0.55, according to consensus of 29 analysts. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion.
Last week the company posted worse-than-expected third quarter revenue and cut its full year 2017 forecast amid fierce competition between USA retailers and restaurants. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Comparatively, Starbucks Corporation posted earnings of $0 per share in the same quarter past year. Stockholders of record on Thursday, August 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date will be Tuesday May 9th, 2017. Starbucks Corporation's payout ratio is now 50.76%.
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Starbucks Corporation (SBUX) opened at 54.52 on Wednesday.
SBUX has been the topic of a number of recent analyst reports.
The Wall Street firm said the saturation of Starbucks stores, and inter-company competition was also starting to hurt its stock, as BMO downgraded Starbucks shares from outperform to market perform. Wedbush reaffirmed a "hold" rating on shares of Starbucks Corporation in a report on Friday, July 28th.More news: Donald Trump has 'permission from God to bomb North Korea' claims pastor
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Starbucks Corporation (NASDAQ:SBUX) has been given an average recommendation of "Buy" by the thirty-six research firms that are now covering the company, MarketBeat.com reports. The stock has "Buy" rating by Cowen & Co on Friday, July 28.
BMO research lowered its 12-month price target to $56 from $64, representing almost 3 percent upside from Tuesday's close. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock.
Director at Starbucks Corporation, ULLMAN MYRON E III on 2017-06-14 Sell 10000 shares of the company at a price of $60.63.
In related news, insider Clifford Burrows sold 114,826 shares of the stock in a transaction on Thursday, May 18th. It improved, as 59 investors sold SBUX shares while 450 reduced holdings.
Market capitalization is the total market value of all of a company's outstanding shares. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Jpmorgan Chase Company holds 0% or 5,459 shares. The disclosure for this purchase can be found here.
Since May 3, 2017, it had 0 buys, and 5 insider sales for $10.48 million activity.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As per Wednesday, November 2, the company rating was maintained by Deutsche Bank. 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.
Robinson Capital Management Llc holds 5.39% of its portfolio in Nuveen Dividend Advantage Municipal Fund for 710,863 shares.