Starbucks Corporation (SBUX) Stake Lessened by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd decreased its holdings in Starbucks Corporation (NASDAQ:SBUX) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,704 shares of the coffee company’s stock after selling 3,151 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in Starbucks Corporation were worth $2,897,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its stake in Starbucks Corporation by 1.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after buying an additional 13 shares in the last quarter. Union Bankshares Corp boosted its stake in Starbucks Corporation by 0.4% during the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after buying an additional 14 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in Starbucks Corporation by 0.6% during the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after buying an additional 26 shares in the last quarter. CWM LLC boosted its stake in Starbucks Corporation by 0.6% during the second quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after buying an additional 30 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in Starbucks Corporation by 1.1% during the first quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after buying an additional 40 shares in the last quarter. 70.77% of the stock is owned by institutional investors.

Starbucks Corporation (SBUX) opened at 54.51 on Wednesday. The firm has a market cap of $78.71 billion, a price-to-earnings ratio of 27.52 and a beta of 0.78. The stock’s 50 day moving average price is $54.63 and its 200-day moving average price is $57.73. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Starbucks Corporation’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Starbucks Corporation will post $2.06 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Starbucks Corporation (SBUX) Stake Lessened by BARING ASSET MANAGEMENT Ltd” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/starbucks-corporation-sbux-stake-lessened-by-baring-asset-management-ltd.html.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp purchased 18,000 shares of the stock in a transaction on Friday, August 4th. The shares were purchased at an average price of $55.30 per share, with a total value of $995,400.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at $995,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Culver sold 64,776 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several research analysts recently weighed in on the company. Piper Jaffray Companies set a $70.00 target price on Starbucks Corporation and gave the company a “buy” rating in a research note on Wednesday, October 11th. Cowen and Company reaffirmed an “outperform” rating and set a $62.00 target price (down previously from $63.00) on shares of Starbucks Corporation in a research note on Tuesday, October 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $67.00 target price on shares of Starbucks Corporation in a research note on Monday, October 9th. Zacks Investment Research raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Starbucks Corporation in a research note on Thursday, October 5th. Thirteen

Several other large investors have also added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its stake in Starbucks Corporation by 1.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after buying an additional 13 shares in the last quarter. Union Bankshares Corp boosted its stake in Starbucks Corporation by 0.4% during the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after buying an additional 14 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in Starbucks Corporation by 0.6% during the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after buying an additional 26 shares in the last quarter. CWM LLC boosted its stake in Starbucks Corporation by 0.6% during the second quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after buying an additional 30 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in Starbucks Corporation by 1.1% during the first quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after buying an additional 40 shares in the last quarter. 70.77% of the stock is owned by institutional investors.

Starbucks Corporation (SBUX) opened at 54.51 on Wednesday. The firm has a market cap of $78.71 billion, a price-to-earnings ratio of 27.52 and a beta of 0.78. The stock’s 50 day moving average price is $54.63 and its 200-day moving average price is $57.73. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Starbucks Corporation’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Starbucks Corporation will post $2.06 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Starbucks Corporation (SBUX) Stake Lessened by BARING ASSET MANAGEMENT Ltd” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/starbucks-corporation-sbux-stake-lessened-by-baring-asset-management-ltd.html.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp purchased 18,000 shares of the stock in a transaction on Friday, August 4th. The shares were purchased at an average price of $55.30 per share, with a total value of $995,400.00. Following the completion of the transaction, the director now directly owns 18,000 shares in the company, valued at $995,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Culver sold 64,776 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several research analysts recently weighed in on the company. Piper Jaffray Companies set a $70.00 target price on Starbucks Corporation and gave the company a “buy” rating in a research note on Wednesday, October 11th. Cowen and Company reaffirmed an “outperform” rating and set a $62.00 target price (down previously from $63.00) on shares of Starbucks Corporation in a research note on Tuesday, October 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $67.00 target price on shares of Starbucks Corporation in a research note on Monday, October 9th. Zacks Investment Research raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Starbucks Corporation in a research note on Thursday, October 5th. Thirteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $64.24.

Starbucks Corporation Profile

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

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