Butensky & Cohen Financial Security Inc. boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,875 shares of the coffee company’s stock after buying an additional 315 shares during the period. Starbucks Corporation makes up approximately 1.7% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 21st largest position. Butensky & Cohen Financial Security Inc.’s holdings in Starbucks Corporation were worth $1,917,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Sharkey Howes & Javer increased its stake in shares of Starbucks Corporation by 8.5% in the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares during the last quarter. BTIM Corp. increased its stake in shares of Starbucks Corporation by 19.5% in the second quarter. BTIM Corp. now owns 801,268 shares of the coffee company’s stock valued at $46,721,000 after buying an additional 130,534 shares during the last quarter. Sit Investment Associates Inc. increased its stake in shares of Starbucks Corporation by 7.7% in the second quarter. Sit Investment Associates Inc. now owns 485,910 shares of the coffee company’s stock valued at $28,333,000 after buying an additional 34,575 shares during the last quarter. Aperio Group LLC increased its stake in shares of Starbucks Corporation by 9.7% in the second quarter. Aperio Group LLC now owns 808,224 shares of the coffee company’s stock valued at $47,128,000 after buying an additional 71,216 shares during the last quarter. Finally, West Coast Financial LLC increased its stake in shares of Starbucks Corporation by 4.8% in the second quarter. West Coast Financial LLC now owns 109,588 shares of the coffee company’s stock valued at $6,390,000 after buying an additional 5,058 shares during the last quarter. 69.85% of the stock is owned by institutional investors and hedge funds.

Starbucks Corporation (NASDAQ:SBUX) traded down 0.40% during midday trading on Tuesday, hitting $55.16. The company had a trading volume of 2,835,816 shares. The stock has a market capitalization of $79.65 billion, a PE ratio of 27.84 and a beta of 0.80. The stock has a 50 day moving average price of $58.47 and a 200-day moving average price of $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 announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ 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 the consensus estimate of $5.76 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that Starbucks Corporation will post $2.08 EPS for the current year.

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

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SBUX has been the subject of several recent research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 price objective on shares of Starbucks Corporation in a research report on Tuesday, April 11th. Vetr upgraded Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $64.50 price objective for the company in a research report on Wednesday, April 12th. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research report on Monday, April 17th. Zacks Investment Research upgraded Starbucks Corporation from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research report on Tuesday, April 18th. One 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.93.

In related 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 transaction of $606,300.00. Following the transaction, the director now directly owns 24,000 shares in the company, valued at approximately $1,455,120. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction, the insider now owns 363,343 shares in the company, valued at $21,604,374.78. The disclosure for this sale can be found here. 3.40% of the stock is 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.

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

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