Farmers & Merchants Investments Inc. boosted its position in Starbucks Corporation (NASDAQ:SBUX) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,945 shares of the coffee company’s stock after buying an additional 24,212 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Starbucks Corporation were worth $7,635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of Starbucks Corporation by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock worth $109,000 after buying an additional 718 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the last quarter. 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 worth $112,000 after buying an additional 150 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Starbucks Corporation during the first quarter worth about $122,000. 69.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Starbucks Corporation (NASDAQ SBUX) traded down 0.55% during trading on Friday, reaching $52.75. The company’s stock had a trading volume of 4,764,527 shares. The stock has a market cap of $76.17 billion, a price-to-earnings ratio of 26.63 and a beta of 0.80. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87. The company has a 50-day moving average price of $56.48 and a 200-day moving average price of $58.15.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting 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 company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company posted $0.49 EPS. Starbucks Corporation’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Starbucks Corporation will post $2.07 earnings per share for the current fiscal year.

The company also recently announced 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 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio is 50.76%.

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A number of brokerages have recently issued reports on SBUX. Stifel Nicolaus raised shares of Starbucks Corporation to a “buy” rating in a report on Saturday, May 13th. UBS AG set a $70.00 price objective on shares of Starbucks Corporation and gave the stock a “buy” rating in a research report on Saturday, May 13th. BMO Capital Markets cut shares of Starbucks Corporation from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $54.52 to $64.00 in a research report on Wednesday, August 9th. Wedbush restated a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Finally, BidaskClub upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.93.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Also, Director Jorgen Vig Knudstorp bought 18,000 shares of the stock in a transaction on Friday, August 4th. The stock was purchased at an average price of $55.30 per share, with a total value of $995,400.00. Following the completion of the acquisition, the director now directly owns 18,000 shares in the company, valued at approximately $995,400. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by corporate insiders.

About Starbucks Corporation

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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