Dynamic Advisors Solutions LLC Sells 101 Shares of Starbucks Corporation (SBUX)
Dynamic Advisors Solutions LLC reduced its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,908 shares of the coffee company’s stock after selling 101 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in Starbucks Corporation were worth $1,452,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Jacobi Capital Management LLC grew 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 purchasing an additional 50 shares during the last quarter. IHT Wealth Management LLC grew 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 purchasing an additional 187 shares during the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Starbucks Corporation in the first quarter worth about $122,000. Kings Point Capital Management grew its stake in shares of Starbucks Corporation by 22.5% in the first quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock worth $135,000 after purchasing an additional 425 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Starbucks Corporation in the first quarter worth about $140,000. 70.82% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts recently issued reports on the company. Vetr cut Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 target price on the stock. in a research note on Thursday, May 25th. Mizuho assumed coverage on Starbucks Corporation in a research note on Thursday, June 8th. They issued a “buy” rating and a $75.00 target price on the stock. Sanford C. Bernstein reissued a “buy” rating and issued a $67.00 target price on shares of Starbucks Corporation in a research note on Monday, June 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a report on Tuesday, June 13th. Finally, Wedbush lowered shares of Starbucks Corporation from an “outperform” rating to a “neutral” rating and raised their price objective for the stock 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $64.64.
Shares of Starbucks Corporation (NASDAQ SBUX) traded up 0.73% during midday trading on Wednesday, hitting $55.02. 2,740,814 shares of the stock were exchanged. The firm’s 50-day moving average is $54.19 and its 200-day moving average is $57.85. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The stock has a market cap of $79.44 billion, a price-to-earnings ratio of 27.77 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities research analysts predict that Starbucks Corporation will post $2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Starbucks Corporation’s payout ratio is currently 50.76%.
In other news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction on Thursday, September 7th. The shares were 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 in the company, valued at $1,974,354.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Culver sold 64,776 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the sale, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. 3.40% of the stock is 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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