Fort Washington Investment Advisors Inc. OH Sells 7,977 Shares of Starbucks Corporation (SBUX)

Fort Washington Investment Advisors Inc. OH lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,627 shares of the coffee company’s stock after selling 7,977 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Starbucks Corporation were worth $4,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mosaic Family Wealth LLC lifted its position in shares of Starbucks Corporation by 41.1% in the first quarter. Mosaic Family Wealth LLC now owns 14,989 shares of the coffee company’s stock worth $875,000 after buying an additional 4,369 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Starbucks Corporation by 29.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,108 shares of the coffee company’s stock worth $6,312,000 after buying an additional 24,677 shares during the last quarter. Zevin Asset Management LLC lifted its position in shares of Starbucks Corporation by 1.0% in the first quarter. 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. Ameriprise Financial Inc. lifted its position in shares of Starbucks Corporation by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 14,170,939 shares of the coffee company’s stock worth $827,444,000 after buying an additional 3,511,080 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Starbucks Corporation by 52.6% in the first quarter. Toronto Dominion Bank now owns 399,621 shares of the coffee company’s stock worth $23,332,000 after buying an additional 137,795 shares during the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.

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A number of analysts have weighed in on SBUX shares. Cowen and Company reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Starbucks Corporation in a research report on Friday, July 21st. Wedbush reissued a “neutral” rating and set a $60.00 price objective (down previously from $65.00) on shares of Starbucks Corporation in a research report on Saturday, July 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $67.00 price objective on shares of Starbucks Corporation in a research report on Tuesday, July 25th. BidaskClub cut Starbucks Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stephens reissued an “equal weight” rating and set a $58.00 price objective on shares of Starbucks Corporation in a research report on Wednesday, July 26th. Twelve investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.31.

In related news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the sale, the insider now owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard D. Schultz sold 290,176 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value of $16,548,737.28. Following the sale, the insider now directly owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The disclosure for this sale can be found here. In the last three months, insiders sold 443,884 shares of company stock worth $25,041,780. 3.40% of the stock is currently owned by company insiders.

Starbucks Corporation (NASDAQ SBUX) opened at $56.93 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The firm has a market capitalization of $82,650.00, a price-to-earnings ratio of 27.50, a PEG ratio of 1.56 and a beta of 0.72. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. sell-side analysts forecast that Starbucks Corporation will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s dividend payout ratio is 60.91%.

Starbucks Corporation Company 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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