First Financial Bank Trust Division boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,068 shares of the coffee company’s stock after buying an additional 9,525 shares during the period. First Financial Bank Trust Division’s holdings in Starbucks Corporation were worth $4,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vaughan David Investments Inc. IL lifted its holdings in Starbucks Corporation by 0.6% in the first 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 period. Ingalls & Snyder LLC lifted its holdings in Starbucks Corporation by 1.1% in the first 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 period. Heritage Investors Management Corp lifted its holdings in Starbucks Corporation by 0.8% in the second quarter. Heritage Investors Management Corp now owns 4,963 shares of the coffee company’s stock worth $289,000 after buying an additional 40 shares during the period. Jacobi Capital Management LLC lifted its holdings in 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 period. Finally, Keel Point LLC lifted its holdings in Starbucks Corporation by 1.4% in the first 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 period. Institutional investors and hedge funds own 70.82% of the company’s stock.

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In related news, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction 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 SEC, which can be accessed through this link. Also, insider John Culver sold 64,776 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following 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.

Shares of Starbucks Corporation (NASDAQ:SBUX) traded up 0.15% during midday trading on Friday, hitting $55.09. 6,950,029 shares of the stock were exchanged. The stock has a market cap of $79.54 billion, a price-to-earnings ratio of 27.81 and a beta of 0.78. 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.

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 1.82%. Starbucks Corporation’s payout ratio is currently 50.76%.

SBUX has been the subject of several research analyst reports. Cowen and Company restated a “buy” rating and issued a $63.00 price objective on shares of Starbucks Corporation in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. UBS AG set a $67.00 price objective on shares of Starbucks Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC restated an “average” rating and issued a $65.00 price objective on shares of Starbucks Corporation in a report on Friday, July 28th. Finally, Guggenheim lowered shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Thirteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.64.

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.

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

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