Tiemann Investment Advisors LLC Sells 350 Shares of Starbucks Corporation (SBUX)

Tiemann Investment Advisors LLC lowered its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,395 shares of the coffee company’s stock after selling 350 shares during the period. Tiemann Investment Advisors LLC’s holdings in Starbucks Corporation were worth $373,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alley Co LLC boosted its stake in shares of Starbucks Corporation by 4.9% in the first quarter. Alley Co LLC now owns 59,601 shares of the coffee company’s stock worth $3,480,000 after buying an additional 2,796 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Starbucks Corporation by 9.8% in the first quarter. Tredje AP fonden now owns 131,402 shares of the coffee company’s stock worth $7,673,000 after buying an additional 11,764 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Starbucks Corporation by 3.1% in the first quarter. Neuberger Berman Group LLC now owns 3,304,069 shares of the coffee company’s stock worth $192,925,000 after buying an additional 98,523 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in shares of 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 in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of Starbucks Corporation by 58.4% in the first quarter. IFM Investors Pty Ltd now owns 29,530 shares of the coffee company’s stock worth $1,724,000 after buying an additional 10,893 shares in the last quarter. 69.98% of the stock is owned by institutional investors.

Shares of Starbucks Corporation (SBUX) opened at 52.70 on Friday. The company has a market cap of $76.09 billion, a PE ratio of 26.60 and a beta of 0.80. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87. The company has a 50 day moving average of $56.32 and a 200-day moving average of $58.13.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts forecast that Starbucks Corporation will post $2.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio is presently 50.76%.

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A number of analysts have weighed in on the company. BMO Capital Markets cut Starbucks Corporation from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $54.52 to $64.00 in a research report on Wednesday, August 9th. BidaskClub raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Starbucks Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company reissued an “outperform” rating and set a $63.00 price objective (down previously from $66.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, BTIG Research reissued a “buy” rating and set a $64.00 price objective on shares of Starbucks Corporation in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.93.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the sale, the director now directly owns 24,000 shares in the company, valued at approximately $1,455,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jorgen Vig Knudstorp purchased 18,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $55.30 per share, for a total transaction of $995,400.00. Following the acquisition, the director now directly owns 18,000 shares in the company, valued at $995,400. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.

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.

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

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