Gulf International Bank UK Ltd boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 454,498 shares of the coffee company’s stock after buying an additional 3,500 shares during the period. Gulf International Bank UK Ltd’s holdings in Starbucks Corporation were worth $26,501,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vista Capital Partners Inc. increased its position in Starbucks Corporation by 0.9% in the first quarter. Vista Capital Partners Inc. now owns 21,320 shares of the coffee company’s stock valued at $1,245,000 after buying an additional 200 shares during the period. Douglass Winthrop Advisors LLC increased its position in Starbucks Corporation by 120.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 49,148 shares of the coffee company’s stock valued at $2,870,000 after buying an additional 26,819 shares during the period. Nadler Financial Group Inc. increased its position in Starbucks Corporation by 4.8% in the first quarter. Nadler Financial Group Inc. now owns 4,411 shares of the coffee company’s stock valued at $258,000 after buying an additional 201 shares during the period. Osborn Williams & Donohoe LLC increased its position in Starbucks Corporation by 1.5% in the first quarter. Osborn Williams & Donohoe LLC now owns 60,190 shares of the coffee company’s stock valued at $3,515,000 after buying an additional 861 shares during the period. Finally, Northstar Group Inc. increased its position in Starbucks Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 60,572 shares of the coffee company’s stock valued at $3,540,000 after buying an additional 182 shares during the period. Institutional investors own 69.85% of the company’s stock.

Starbucks Corporation (NASDAQ:SBUX) traded up 0.21% on Friday, reaching $53.18. The company’s stock had a trading volume of 9,235,033 shares. The company has a market cap of $76.79 billion, a P/E ratio of 26.85 and a beta of 0.80. The stock’s 50 day moving average price is $57.19 and its 200 day moving average price is $58.29. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the business posted $0.49 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Starbucks Corporation will post $2.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. Starbucks Corporation’s payout ratio is currently 50.76%.

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Several research firms recently commented on SBUX. Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 target price for the company. in a research report on Thursday, May 25th. Mizuho began coverage on Starbucks Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $75.00 target price for the company. Sanford C. Bernstein restated a “buy” rating and set a $67.00 target price on shares of Starbucks Corporation in a research report on Monday, June 12th. Royal Bank Of Canada restated an “outperform” rating and set a $66.00 target price on shares of Starbucks Corporation in a research report on Tuesday, June 13th. Finally, OTR Global downgraded Starbucks Corporation to a “positive” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $64.93.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp purchased 18,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $55.30 per share, for a total transaction of $995,400.00. Following the acquisition, the director now owns 18,000 shares in the company, valued at approximately $995,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clifford Burrows sold 114,826 shares of the stock in a transaction dated 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 sale, the insider now 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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