Sharkey Howes & Javer Purchases 150 Shares of Starbucks Corporation (NASDAQ:SBUX)
Sharkey Howes & Javer boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 1,924 shares of the coffee company’s stock after buying an additional 150 shares during the period. Sharkey Howes & Javer’s holdings in Starbucks Corporation were worth $112,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of SBUX. Gradient Investments LLC increased its stake in shares of Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock valued at $109,000 after buying an additional 718 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares during the period. IHT Wealth Management LLC increased its stake in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Starbucks Corporation during the first quarter valued at about $122,000. Finally, Kings Point Capital Management increased its stake in shares of Starbucks Corporation by 22.5% in the first quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock valued at $135,000 after buying an additional 425 shares during the period. 69.85% of the stock is owned by institutional investors.
Shares of Starbucks Corporation (SBUX) traded up 0.38% on Monday, hitting $55.65. The stock had a trading volume of 2,731,524 shares. The firm has a 50 day moving average price of $58.47 and a 200-day moving average price of $58.49. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 28.09 and a beta of 0.80. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Analysts anticipate that Starbucks Corporation will post $2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio is currently 50.76%.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/07/sharkey-howes-javer-purchases-150-shares-of-starbucks-corporation-nasdaqsbux.html.
Several analysts have issued reports on the stock. UBS AG set a $70.00 price objective on shares of Starbucks Corporation and gave the company a “buy” rating in a research report on Tuesday, April 25th. Stifel Nicolaus raised shares of Starbucks Corporation to a “buy” rating in a research report on Saturday, May 13th. Wedbush reaffirmed a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Guggenheim downgraded shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $64.00 price objective (down previously from $67.00) on shares of Starbucks Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $64.93.
In other Starbucks Corporation news, Director Myron E. Ullman III sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now owns 24,000 shares of the company’s stock, valued at $1,455,120. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Clifford Burrows sold 114,826 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total value of $6,827,553.96. Following the completion of the transaction, the insider now directly owns 363,343 shares in the company, valued at approximately $21,604,374.78. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX).
Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.