Stillwater Capital Advisors LLC Raises Stake in Starbucks Corporation (SBUX)
Stillwater Capital Advisors LLC grew its holdings in Starbucks Corporation (NASDAQ:SBUX) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,508 shares of the coffee company’s stock after purchasing an additional 3,030 shares during the period. Starbucks Corporation comprises 2.6% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 23rd largest holding. Stillwater Capital Advisors LLC’s holdings in Starbucks Corporation were worth $10,234,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vaughan David Investments Inc. IL increased its holdings in shares of Starbucks Corporation by 0.6% in the 1st quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after purchasing an additional 26 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of Starbucks Corporation by 1.1% in the 1st quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after purchasing an additional 40 shares during the period. Jacobi Capital Management LLC increased its holdings in shares of Starbucks Corporation by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after purchasing an additional 50 shares during the period. Keel Point LLC increased its holdings in shares of Starbucks Corporation by 1.4% in the 1st quarter. Keel Point LLC now owns 4,881 shares of the coffee company’s stock valued at $285,000 after purchasing an additional 68 shares during the period. Finally, FCG Advisors LLC increased its holdings in shares of Starbucks Corporation by 1.5% in the 1st quarter. FCG Advisors LLC now owns 5,229 shares of the coffee company’s stock valued at $305,000 after purchasing an additional 76 shares during the period. Institutional investors own 70.99% of the company’s stock.
In other Starbucks Corporation news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $55.30 per share, for a total transaction of $995,400.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $995,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction 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 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 owned by corporate insiders.
A number of equities analysts have recently weighed in on SBUX shares. Vetr downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 target price on the stock. in a report on Thursday, May 25th. Mizuho started coverage on Starbucks Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $75.00 target price on the stock. Sanford C. Bernstein reiterated a “buy” rating and issued a $67.00 target price on shares of Starbucks Corporation in a report on Monday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Starbucks Corporation in a report on Tuesday, June 13th. Finally, Wedbush downgraded Starbucks Corporation from an “outperform” rating to a “neutral” rating and upped their target price for the company from $61.00 to $65.00 in a report on Wednesday, June 14th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Starbucks Corporation presently has a consensus rating of “Buy” and an average target price of $64.64.
Shares of Starbucks Corporation (NASDAQ SBUX) traded up 0.26% during mid-day trading on Friday, hitting $54.67. The stock had a trading volume of 10,744,783 shares. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The stock’s 50-day moving average price is $54.15 and its 200 day moving average price is $57.87. The company has a market capitalization of $78.94 billion, a P/E ratio of 27.60 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business 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 for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Starbucks Corporation will post $2.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 10th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Starbucks Corporation’s dividend payout ratio is currently 50.76%.
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.
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