Starbucks Co. (NASDAQ:SBUX) Holdings Lifted by AE Wealth Management LLC

AE Wealth Management LLC raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 119.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,826 shares of the coffee company’s stock after purchasing an additional 7,529 shares during the quarter. AE Wealth Management LLC’s holdings in Starbucks were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SBUX. Vanguard Group Inc. increased its stake in Starbucks by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock worth $5,505,491,000 after buying an additional 1,953,003 shares in the last quarter. Capital World Investors grew its position in shares of Starbucks by 2.0% in the second quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock valued at $2,650,696,000 after purchasing an additional 895,432 shares in the last quarter. Northern Trust Corp grew its position in shares of Starbucks by 5.2% in the second quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock valued at $1,250,919,000 after purchasing an additional 1,060,298 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Starbucks by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 15,980,105 shares of the coffee company’s stock valued at $931,909,000 after purchasing an additional 1,809,166 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.

In related news, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the completion of the sale, the director now directly owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the sale, the insider now directly owns 331,829 shares of the company’s stock, valued at $18,920,889.58. The disclosure for this sale can be found here. Insiders sold a total of 597,668 shares of company stock valued at $34,216,388 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

Starbucks Co. (SBUX) traded up $0.81 during mid-day trading on Friday, hitting $54.58. 19,381,295 shares of the stock were exchanged, compared to its average volume of 11,770,000. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. The firm has a market cap of $77,660.00, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. equities research analysts expect that Starbucks Co. will post 2.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $1.20 annualized dividend and a yield of 2.20%. Starbucks’s payout ratio is currently 39.60%.

SBUX has been the subject of several analyst reports. Nomura lowered their price objective on Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Credit Suisse Group restated a “buy” rating on shares of Starbucks in a research note on Monday, November 6th. Deutsche Bank decreased their price target on Starbucks to $62.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. UBS Group decreased their price target on Starbucks from $67.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Vetr cut Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target on the stock. in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.32.

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Starbucks 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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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