Alley Co LLC boosted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 4.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,601 shares of the coffee company’s stock after buying an additional 2,796 shares during the period. Alley Co LLC’s holdings in Starbucks Corporation were worth $3,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in Starbucks Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 30,770,264 shares of the coffee company’s stock valued at $1,796,675,000 after buying an additional 2,234,324 shares during the last quarter. Ameriprise Financial Inc. raised its position in Starbucks Corporation by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 14,170,939 shares of the coffee company’s stock valued at $827,444,000 after buying an additional 3,511,080 shares during the last quarter. Swiss National Bank raised its position in Starbucks Corporation by 24.0% in the first quarter. Swiss National Bank now owns 5,681,144 shares of the coffee company’s stock valued at $331,722,000 after buying an additional 1,099,100 shares during the last quarter. Teachers Advisors LLC raised its position in Starbucks Corporation by 8.4% in the fourth quarter. Teachers Advisors LLC now owns 3,445,675 shares of the coffee company’s stock valued at $191,304,000 after buying an additional 267,739 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Starbucks Corporation by 9.3% in the first quarter. Russell Investments Group Ltd. now owns 3,352,860 shares of the coffee company’s stock valued at $195,747,000 after buying an additional 286,081 shares during the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.

Starbucks Corporation (NASDAQ:SBUX) opened at 55.63 on Tuesday. The company has a market capitalization of $80.32 billion, a P/E ratio of 28.08 and a beta of 0.80. The stock’s 50 day moving average price is $58.47 and its 200 day moving average price is $58.49. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors 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 payout ratio is 50.76%.

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Several equities analysts have weighed in on SBUX shares. Deutsche Bank AG reissued a “hold” rating and issued a $59.00 target price on shares of Starbucks Corporation in a research note on Tuesday, April 11th. Vetr raised Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.50 target price on the stock in a research note on Wednesday, April 12th. Cowen and Company reissued an “outperform” rating and issued a $66.00 target price on shares of Starbucks Corporation in a research note on Monday, April 17th. Zacks Investment Research raised Starbucks Corporation from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $66.00 target price on shares of Starbucks Corporation in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and three have given a strong buy rating to the company. Starbucks Corporation has an average rating of “Buy” and an average target price of $64.93.

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

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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