Mandatum Life Insurance Co Ltd trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,546 shares of the coffee company’s stock after selling 1,000 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Starbucks were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SBUX. Lincoln Capital LLC raised its holdings in shares of Starbucks by 0.5% during the 2nd quarter. Lincoln Capital LLC now owns 153,309 shares of the coffee company’s stock worth $8,939,000 after acquiring an additional 744 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Starbucks by 49.9% during the 2nd quarter. Confluence Investment Management LLC now owns 708,542 shares of the coffee company’s stock worth $41,315,000 after acquiring an additional 235,920 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Starbucks by 6.5% during the 2nd quarter. GW&K Investment Management LLC now owns 241,645 shares of the coffee company’s stock worth $14,090,000 after acquiring an additional 14,712 shares in the last quarter. First Financial Bank Trust Division raised its holdings in Starbucks by 14.3% during the 2nd quarter. First Financial Bank Trust Division now owns 76,068 shares of the coffee company’s stock valued at $4,435,000 after buying an additional 9,525 shares during the period. Finally, Pennsylvania Trust Co raised its holdings in Starbucks by 9.4% during the 2nd quarter. Pennsylvania Trust Co now owns 63,947 shares of the coffee company’s stock valued at $3,729,000 after buying an additional 5,505 shares during the period. 70.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Javier G. Teruel sold 62,966 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares in the company, valued at approximately $3,214,662.18. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock worth $28,559,521 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Starbucks Co. (NASDAQ:SBUX) opened at $61.26 on Friday. The company has a market capitalization of $87,400.00, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ 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 had a return on equity of 53.34% and a net margin of 12.89%. Starbucks’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. equities research analysts expect that Starbucks Co. will post 2.38 earnings per share for the current fiscal year.

Several research firms recently weighed in on SBUX. Stephens restated an “equal weight” rating and set a $52.00 price target (down previously from $58.00) on shares of Starbucks in a report on Friday, September 29th. They noted that the move was a valuation call. Credit Suisse Group decreased their price target on Starbucks from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. OTR Global upgraded Starbucks to a “positive” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Starbucks from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, BMO Capital Markets restated a “hold” rating on shares of Starbucks in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.54.

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About Starbucks

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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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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