Green Square Capital LLC lessened its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 25.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,680 shares of the coffee company’s stock after selling 3,373 shares during the quarter. Green Square Capital LLC’s holdings in Starbucks Corporation were worth $565,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vaughan David Investments Inc. IL lifted its position in shares of Starbucks Corporation by 0.6% during the 1st quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock worth $271,000 after buying an additional 26 shares during the last quarter. Ingalls & Snyder LLC lifted its position in shares of Starbucks Corporation by 1.1% during the 1st quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock worth $223,000 after buying an additional 40 shares during the last quarter. Keel Point LLC lifted its position in shares of Starbucks Corporation by 1.4% during the 1st quarter. Keel Point LLC now owns 4,881 shares of the coffee company’s stock worth $285,000 after buying an additional 68 shares during the last quarter. FCG Advisors LLC lifted its position in shares of Starbucks Corporation by 1.5% during the 1st quarter. FCG Advisors LLC now owns 5,229 shares of the coffee company’s stock worth $305,000 after buying an additional 76 shares during the last quarter. Finally, Genesee Valley Trust Co. lifted its position in shares of Starbucks Corporation by 0.3% during the 1st quarter. Genesee Valley Trust Co. now owns 32,323 shares of the coffee company’s stock worth $1,887,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 70.99% of the company’s stock.

Shares of Starbucks Corporation (NASDAQ SBUX) traded up 1.7858% during mid-day trading on Wednesday, reaching $54.4961. 7,475,024 shares of the company’s stock traded hands. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The firm has a 50-day moving average price of $54.64 and a 200-day moving average price of $57.96. The company has a market capitalization of $78.69 billion, a P/E ratio of 27.5094 and a beta of 0.78.

Starbucks Corporation (NASDAQ:SBUX) last posted 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 during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter 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 business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 10th were issued a $0.25 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.00 annualized dividend and a yield of 1.87%. Starbucks Corporation’s dividend payout ratio (DPR) is currently 50.76%.

Several analysts have recently weighed in on the stock. Wedbush restated a “neutral” rating and set a $60.00 price objective (down previously from $65.00) on shares of Starbucks Corporation in a research report on Saturday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $67.00 price objective on shares of Starbucks Corporation in a research report on Wednesday, August 23rd. Vetr upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price objective for the company in a research report on Thursday, June 8th. BidaskClub upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cleveland Research downgraded shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 23rd. Twelve investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company. Starbucks Corporation currently has a consensus rating of “Buy” and a consensus price target of $64.64.

In related news, insider John Culver sold 64,776 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the completion of the sale, the insider now directly owns 390,341 shares in the company, valued at approximately $20,898,857.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 22,966 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

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Starbucks Corporation 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.

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

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