LSV Asset Management bought a new stake in Starbucks Corp. (NASDAQ:SBUX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,350 shares of the coffee company’s stock, valued at approximately $134,000.

A number of other large investors have also added to or reduced their stakes in SBUX. Hermes Investment Management Ltd. boosted its position in shares of Starbucks Corp. by 19.2% in the second quarter. Hermes Investment Management Ltd. now owns 191,294 shares of the coffee company’s stock worth $10,927,000 after buying an additional 30,800 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in shares of Starbucks Corp. during the second quarter worth approximately $14,354,000. First Republic Investment Management Inc. boosted its position in shares of Starbucks Corp. by 4.9% in the first quarter. First Republic Investment Management Inc. now owns 1,438,991 shares of the coffee company’s stock worth $85,907,000 after buying an additional 66,883 shares during the last quarter. National Pension Service boosted its position in shares of Starbucks Corp. by 4.1% in the first quarter. National Pension Service now owns 774,160 shares of the coffee company’s stock worth $46,217,000 after buying an additional 30,627 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Starbucks Corp. by 8.2% in the first quarter. Panagora Asset Management Inc. now owns 742,453 shares of the coffee company’s stock worth $44,324,000 after buying an additional 56,549 shares during the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.

Starbucks Corp. (NASDAQ:SBUX) traded up 0.55% during trading on Tuesday, reaching $53.30. The company’s stock had a trading volume of 8,728,737 shares. Starbucks Corp. has a one year low of $52.63 and a one year high of $64.00. The firm has a market cap of $78.17 billion, a PE ratio of 29.94 and a beta of 0.80. The company has a 50-day moving average of $55.63 and a 200 day moving average of $56.88.

Starbucks Corp. (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business earned $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. Starbucks Corp. had a net margin of 13.01% and a return on equity of 46.89%. Analysts expect that Starbucks Corp. will post $1.89 EPS for the current fiscal year.

A number of brokerages have recently commented on SBUX. Macquarie upgraded Starbucks Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 14th. Vetr raised Starbucks Corp. from a “buy” rating to a “strong-buy” rating and set a $60.97 target price for the company in a research report on Tuesday, September 13th. RBC Capital Markets reaffirmed an “outperform” rating and set a $68.00 target price on shares of Starbucks Corp. in a research report on Tuesday, September 13th. BTIG Research set a $64.00 target price on Starbucks Corp. and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Starbucks Corp. in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.50.

In other news, Director Myron E. Ullman III sold 12,654 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $58.70, for a total transaction of $742,789.80. Following the completion of the transaction, the director now directly owns 26,654 shares of the company’s stock, valued at $1,564,589.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.38% of the company’s stock.

Starbucks Corp. Company Profile

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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