Starbucks Co. (SBUX) Holdings Lifted by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC boosted its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,871 shares of the coffee company’s stock after acquiring an additional 2,208 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Starbucks were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Middleton & Co Inc MA lifted its holdings in shares of 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 in the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Starbucks by 29.7% in the second quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock valued at $1,586,000 after purchasing an additional 6,225 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of 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 in the last quarter. Geneva Advisors LLC lifted its holdings in shares of 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

A number of brokerages have recently commented on SBUX. Vetr lowered Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target on the stock. in a report on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a report on Friday. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Tigress Financial restated a “buy” rating on shares of Starbucks in a report on Tuesday, January 2nd. Finally, Morgan Stanley boosted their price target on Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.23.

Shares of Starbucks Co. (SBUX) opened at $59.31 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $84,390.00, a PE ratio of 30.11, a P/E/G ratio of 1.61 and a beta of 0.76. 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 results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The firm 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%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. research analysts expect that Starbucks Co. will post 2.34 EPS for the current year.

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 transaction of $170,850.00. Following the transaction, the senior vice president now owns 10,438 shares of the company’s stock, valued at $594,444.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Javier G. Teruel sold 62,966 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total value of $3,627,471.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 497,808 shares of company stock worth $28,559,521. Company insiders own 3.40% 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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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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