DekaBank Deutsche Girozentrale Acquires 131,312 Shares of Starbucks Corporation (SBUX)

DekaBank Deutsche Girozentrale grew its holdings in Starbucks Corporation (NASDAQ:SBUX) by 14.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,045,118 shares of the coffee company’s stock after buying an additional 131,312 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of Starbucks Corporation worth $61,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SBUX. Jacobi Capital Management LLC raised 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 buying an additional 50 shares during the last quarter. Gradient Investments LLC raised 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 buying an additional 46 shares during the last quarter. Sharkey Howes & Javer raised 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 buying an additional 150 shares during the last quarter. IHT Wealth Management LLC raised 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 buying an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new stake in shares of Starbucks Corporation in the first quarter valued at about $122,000. Institutional investors and hedge funds own 70.82% of the company’s stock.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 18,000 shares of the stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $55.30 per share, with a total value of $995,400.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $995,400. The disclosure for this purchase can be found here. 3.40% of the stock is owned by company insiders.

A number of brokerages have recently commented on SBUX. Wedbush cut shares of Starbucks Corporation from an “outperform” rating to a “neutral” rating and increased their target price for the company from $61.00 to $65.00 in a research report on Wednesday, June 14th. They noted that the move was a valuation call. BidaskClub cut shares of Starbucks Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of Starbucks Corporation in a research report on Friday, June 16th. Vetr upgraded shares of Starbucks Corporation from a “buy” rating to a “strong-buy” rating and set a $67.14 price objective for the company in a research report on Thursday, June 22nd. Finally, KeyCorp started coverage on shares of Starbucks Corporation in a research report on Thursday, June 22nd. They set an “overweight” rating and a $68.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Starbucks Corporation has a consensus rating of “Buy” and a consensus price target of $64.24.

Starbucks Corporation (NASDAQ:SBUX) opened at 55.64 on Thursday. The company has a 50-day moving average of $54.52 and a 200-day moving average of $57.75. The stock has a market cap of $80.34 billion, a P/E ratio of 28.09 and a beta of 0.78. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $0.49 earnings per share. Starbucks Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Starbucks Corporation will post $2.06 EPS for the current fiscal year.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/10/12/dekabank-deutsche-girozentrale-acquires-131312-shares-of-starbucks-corporation-sbux.html.

Starbucks Corporation 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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX).

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

What are top analysts saying about Starbucks Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Starbucks Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit