WINTON GROUP Ltd Buys 645,279 Shares of Starbucks Corporation (SBUX)
WINTON GROUP Ltd increased its position in Starbucks Corporation (NASDAQ:SBUX) by 539.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 764,930 shares of the coffee company’s stock after buying an additional 645,279 shares during the period. WINTON GROUP Ltd’s holdings in Starbucks Corporation were worth $41,413,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of 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 worth $1,796,675,000 after buying an additional 2,234,324 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Starbucks Corporation by 32.9% in the first quarter. Ameriprise Financial Inc. now owns 14,170,939 shares of the coffee company’s stock worth $827,444,000 after buying an additional 3,511,080 shares during the last quarter. Polen Capital Management LLC boosted its position in shares of Starbucks Corporation by 7.6% in the first quarter. Polen Capital Management LLC now owns 10,464,718 shares of the coffee company’s stock worth $611,035,000 after buying an additional 737,343 shares during the last quarter. Swiss National Bank boosted its position in shares of Starbucks Corporation by 24.0% in the first quarter. Swiss National Bank now owns 5,681,144 shares of the coffee company’s stock worth $331,722,000 after buying an additional 1,099,100 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of 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 worth $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.
Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 1.34% during trading on Wednesday, reaching $53.79. The company had a trading volume of 2,493,702 shares. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The company has a market cap of $77.67 billion, a price-to-earnings ratio of 27.15 and a beta of 0.80. The firm has a 50 day moving average price of $58.05 and a 200 day moving average price of $58.43.
Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. Analysts predict that Starbucks Corporation will post $2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be given 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 1.83%. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.
SBUX has been the topic of a number of recent research reports. Vetr cut Starbucks Corporation from a “strong-buy” rating to a “buy” rating and set a $64.50 target price on the stock. in a report on Tuesday, April 18th. Sanford C. Bernstein restated a “buy” rating and issued a $67.00 target price on shares of Starbucks Corporation in a report on Monday, June 12th. Cowen and Company reiterated an “outperform” rating and set a $66.00 price target on shares of Starbucks Corporation in a report on Friday, July 21st. UBS AG set a $70.00 price target on Starbucks Corporation and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, Stephens reiterated an “equal weight” rating and set a $58.00 price target on shares of Starbucks Corporation in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $64.93.
In other Starbucks Corporation news, insider Clifford Burrows sold 114,826 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the sale, the insider now directly owns 363,343 shares in the company, valued at $21,604,374.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Myron E. Ullman III sold 10,000 shares of the firm’s 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 sale, the director now owns 24,000 shares of the company’s stock, valued at $1,455,120. 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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