Marietta Wealth Management LLC raised its stake in Starbucks Corporation (NASDAQ:SBUX) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,216 shares of the coffee company’s stock after buying an additional 2,186 shares during the period. Marietta Wealth Management LLC’s holdings in Starbucks Corporation were worth $1,937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SBUX. Appropriate Balance Financial Services Inc. grew its position in shares of Starbucks Corporation by 1.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after purchasing an additional 13 shares during the last quarter. Jacobi Capital Management LLC grew its position 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 valued at $109,000 after purchasing an additional 50 shares during the last quarter. Gradient Investments LLC grew its position in shares of Starbucks Corporation by 2.5% in the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after purchasing an additional 46 shares during the last quarter. Sharkey Howes & Javer grew its position 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 valued at $112,000 after purchasing an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position 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 valued at $117,000 after purchasing an additional 187 shares during the last quarter. 71.49% of the stock is owned by institutional investors.

In other news, SVP Paul Mutty sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $56.95, for a total value of $170,850.00. Following the transaction, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Howard D. Schultz sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $57.28, for a total transaction of $1,432,000.00. Following the completion of the transaction, the insider now directly owns 29,798,282 shares in the company, valued at approximately $1,706,845,592.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 525,550 shares of company stock worth $29,688,442. 3.40% of the stock is currently owned by insiders.

Starbucks Corporation (NASDAQ SBUX) opened at $56.80 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The firm has a market cap of $81,298.80, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.72. Starbucks Corporation has a one year low of $52.58 and a one year high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. Starbucks Corporation’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. equities analysts expect that Starbucks Corporation will post 2.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. Starbucks Corporation’s dividend payout ratio (DPR) is currently 60.91%.

Several analysts have recently commented on SBUX shares. Stifel Nicolaus lowered shares of Starbucks Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $66.00 to $58.00 in a research report on Friday, July 28th. Guggenheim lowered shares of Starbucks Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Wedbush reiterated a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. Jefferies Group LLC reiterated an “average” rating and issued a $65.00 price target on shares of Starbucks Corporation in a research report on Friday, July 28th. Finally, UBS AG set a $67.00 price target on shares of Starbucks Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Starbucks Corporation presently has a consensus rating of “Buy” and a consensus target price of $63.31.

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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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