Schmidt P J Investment Management Inc. reduced its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,120 shares of the coffee company’s stock after selling 1,161 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Starbucks Corporation were worth $3,622,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Regent Investment Management LLC increased its stake in shares of Starbucks Corporation by 6.8% in the second quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock worth $273,000 after buying an additional 300 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its stake in shares of Starbucks Corporation by 16.9% in the second quarter. Cape Cod Five Cents Savings Bank now owns 31,902 shares of the coffee company’s stock worth $1,861,000 after buying an additional 4,616 shares in the last quarter. Zevin Asset Management LLC increased its stake in shares of Starbucks Corporation by 1.0% in the first quarter. Zevin Asset Management LLC now owns 61,924 shares of the coffee company’s stock worth $3,616,000 after buying an additional 625 shares in the last quarter. Sawtooth Solutions LLC increased its stake in shares of Starbucks Corporation by 60.1% in the first quarter. Sawtooth Solutions LLC now owns 18,346 shares of the coffee company’s stock worth $1,071,000 after buying an additional 6,884 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD increased its stake in shares of Starbucks Corporation by 0.6% in the second quarter. Mount Vernon Associates Inc. MD now owns 24,340 shares of the coffee company’s stock worth $1,419,000 after buying an additional 140 shares in the last quarter. 69.98% of the stock is currently owned by institutional investors.

Starbucks Corporation (SBUX) traded up 1.30% during trading on Wednesday, reaching $53.84. 3,093,364 shares of the company’s stock traded hands. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The stock has a market capitalization of $77.74 billion, a P/E ratio of 27.18 and a beta of 0.80. The company has a 50-day moving average of $56.81 and a 200 day moving average of $58.22.

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, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the company earned $0.49 EPS. Starbucks Corporation’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current fiscal 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, August 8th. Starbucks Corporation’s payout ratio is 50.76%.

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A number of equities research analysts have commented on SBUX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a research report on Friday, May 12th. UBS AG set a $67.00 price objective on shares of Starbucks Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Starbucks Corporation from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Guggenheim downgraded shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. Starbucks Corporation currently has an average rating of “Buy” and an average target price of $64.93.

In related news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were purchased at an average price 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 $995,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clifford Burrows sold 114,826 shares of the business’s 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 in the company, valued at approximately $21,604,374.78. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate 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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