AE Wealth Management LLC decreased its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 22.1% during the first quarter, Holdings Channel reports. The firm owned 5,449 shares of the coffee company’s stock after selling 1,544 shares during the period. AE Wealth Management LLC’s holdings in Starbucks Corporation were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alley Co LLC raised its position in Starbucks Corporation by 4.9% in the first quarter. Alley Co LLC now owns 59,601 shares of the coffee company’s stock worth $3,480,000 after buying an additional 2,796 shares during the period. Tredje AP fonden raised its position in Starbucks Corporation by 9.8% in the first quarter. Tredje AP fonden now owns 131,402 shares of the coffee company’s stock worth $7,673,000 after buying an additional 11,764 shares during the period. Neuberger Berman Group LLC raised its position in Starbucks Corporation by 3.1% in the first quarter. Neuberger Berman Group LLC now owns 3,304,069 shares of the coffee company’s stock worth $192,925,000 after buying an additional 98,523 shares during the period. Vaughan David Investments Inc. IL raised its position in Starbucks Corporation by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock worth $271,000 after buying an additional 26 shares during the period. Finally, IFM Investors Pty Ltd raised its position in Starbucks Corporation by 58.4% in the first quarter. IFM Investors Pty Ltd now owns 29,530 shares of the coffee company’s stock worth $1,724,000 after buying an additional 10,893 shares during the period. 69.85% of the stock is owned by institutional investors.

Starbucks Corporation (SBUX) opened at 55.63 on Tuesday. The stock has a 50 day moving average price of $58.47 and a 200 day moving average price of $58.49. The stock has a market capitalization of $80.32 billion, a P/E ratio of 28.08 and a beta of 0.80. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts predict that Starbucks Corporation will post $2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.

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A number of research analysts recently weighed in on the company. BidaskClub raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Starbucks Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and set a $63.00 price objective (down previously from $66.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. BTIG Research reaffirmed a “buy” rating and set a $64.00 price objective on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $65.00 price objective (down previously from $66.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $64.93.

In other news, insider Clifford Burrows sold 114,826 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the sale, the insider now directly owns 363,343 shares in the company, valued at approximately $21,604,374.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the sale, the director now owns 24,000 shares in the company, valued at $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is owned by company 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.

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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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