Rehmann Capital Advisory Group lessened its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,085 shares of the coffee company’s stock after selling 504 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Starbucks were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Polaris Greystone Financial Group LLC bought a new position in shares of Starbucks during the third quarter valued at approximately $107,000. Archford Capital Strategies LLC raised its holdings in shares of Starbucks by 669.7% during the second quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock valued at $107,000 after acquiring an additional 1,902 shares in the last quarter. Fort L.P. purchased a new stake in Starbucks in the second quarter worth $112,000. Point72 Hong Kong Ltd purchased a new stake in Starbucks in the second quarter worth $115,000. Finally, Resources Management Corp CT ADV purchased a new stake in Starbucks in the third quarter worth $134,000. Institutional investors own 76.07% of the company’s stock.

In other news, Director Myron E. Ullman III sold 99,166 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total value of $5,459,088.30. Following the sale, the director now directly owns 29,000 shares of the company’s stock, valued at $1,596,450. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Several equities research analysts recently weighed in on SBUX shares. Bank of America upped their price target on Starbucks from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. BidaskClub raised Starbucks from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. KeyCorp reaffirmed a “buy” rating on shares of Starbucks in a research note on Thursday, October 4th. ValuEngine raised Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Finally, UBS Group set a $72.00 price target on Starbucks and gave the stock a “buy” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Starbucks currently has an average rating of “Buy” and an average target price of $65.34.

NASDAQ SBUX opened at $65.47 on Friday. Starbucks Co. has a 12 month low of $47.37 and a 12 month high of $68.98. The firm has a market capitalization of $82.56 billion, a PE ratio of 27.05, a P/E/G ratio of 1.86 and a beta of 0.52. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.95 and a current ratio of 2.20.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The firm had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts anticipate that Starbucks Co. will post 2.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.20%. Starbucks’s dividend payout ratio is currently 59.50%.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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