SBUX has been the subject of several other research reports. Credit Suisse Group decreased their price objective on Starbucks from $56.00 to $54.00 and set a neutral rating for the company in a report on Friday, November 3rd. Deutsche Bank reaffirmed a buy rating and set a $67.00 target price on shares of Starbucks in a report on Monday, October 9th. BMO Capital Markets reaffirmed a hold rating on shares of Starbucks in a report on Thursday, October 5th. OTR Global raised Starbucks to a positive rating in a report on Thursday, October 26th. Finally, Vetr lowered Starbucks from a strong-buy rating to a buy rating and set a $64.32 target price for the company. in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $63.26.
Shares of Starbucks (NASDAQ SBUX) opened at $59.61 on Tuesday. Starbucks has a twelve month low of $52.58 and a twelve month high of $64.87. The firm has a market capitalization of $85,790.00, a PE ratio of 30.26, a P/E/G ratio of 1.59 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.
In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the sale, the senior vice president now owns 10,438 shares in the company, valued at $594,444.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total value of $3,565,800.00. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock valued at $28,559,521 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Middleton & Co Inc MA lifted its position in Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after purchasing an additional 10,458 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Starbucks by 12.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after purchasing an additional 10,250 shares during the last quarter. Geneva Advisors LLC lifted its position in Starbucks by 2.3% in the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after purchasing an additional 63,041 shares during the last quarter. Janus Henderson Group PLC lifted its position in Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares during the last quarter. Finally, Private Vista LLC increased its stake in shares of Starbucks by 3,334.9% during the second quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after buying an additional 213,303 shares during the period. Hedge funds and other institutional investors own 70.67% of the company’s stock.
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Starbucks 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.
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