Coldstream Capital Management Inc. increased its stake in Starbucks Corp. (NASDAQ:SBUX) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,338 shares of the coffee company’s stock after buying an additional 2,719 shares during the period. Starbucks Corp. makes up approximately 1.8% of Coldstream Capital Management Inc.’s portfolio, making the stock its 12th largest position. Coldstream Capital Management Inc.’s holdings in Starbucks Corp. were worth $10,130,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SBUX. Advisory Services Network LLC raised its stake in Starbucks Corp. by 0.3% in the second quarter. Advisory Services Network LLC now owns 4,339 shares of the coffee company’s stock valued at $248,000 after buying an additional 13 shares in the last quarter. Autus Asset Management LLC increased its position in shares of Starbucks Corp. by 0.9% in the second quarter. Autus Asset Management LLC now owns 4,699 shares of the coffee company’s stock valued at $269,000 after buying an additional 40 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its position in shares of Starbucks Corp. by 0.9% in the second quarter. Roberts Glore & Co. Inc. IL now owns 5,325 shares of the coffee company’s stock valued at $304,000 after buying an additional 50 shares during the last quarter. CLS Investments LLC increased its position in shares of Starbucks Corp. by 0.4% in the first quarter. CLS Investments LLC now owns 15,413 shares of the coffee company’s stock valued at $920,000 after buying an additional 68 shares during the last quarter. Finally, Bank Hapoalim BM increased its position in shares of Starbucks Corp. by 1.4% in the second quarter. Bank Hapoalim BM now owns 6,298 shares of the coffee company’s stock valued at $360,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 68.27% of the company’s stock.

Starbucks Corp. (NASDAQ:SBUX) traded up 0.21% on Tuesday, reaching $53.12. The company’s stock had a trading volume of 4,342,106 shares. Starbucks Corp. has a 52 week low of $52.63 and a 52 week high of $64.00. The company has a market capitalization of $77.91 billion, a price-to-earnings ratio of 29.84 and a beta of 0.80. The firm’s 50 day moving average price is $55.63 and its 200-day moving average price is $56.88.

Starbucks Corp. (NASDAQ:SBUX) last issued its earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Starbucks Corp. had a return on equity of 46.89% and a net margin of 13.01%. The company earned $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. On average, equities analysts predict that Starbucks Corp. will post $1.89 EPS for the current year.

Several brokerages have recently weighed in on SBUX. Zacks Investment Research downgraded Starbucks Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th. Deutsche Bank AG set a $64.00 target price on Starbucks Corp. and gave the stock a “hold” rating in a research note on Sunday, July 24th. Nomura reaffirmed a “buy” rating on shares of Starbucks Corp. in a research note on Tuesday, July 12th. Robert W. Baird reaffirmed an “outperform” rating on shares of Starbucks Corp. in a research note on Tuesday, June 28th. Finally, Jefferies Group reaffirmed an “in-line” rating and set a $65.00 target price (down from $70.00) on shares of Starbucks Corp. in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average 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 stock was sold at an average price of $58.70, for a total value of $742,789.80. Following the completion of the sale, the director now owns 26,654 shares of the company’s stock, valued at $1,564,589.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.38% of the stock is owned by insiders.

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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