Guyasuta Investment Advisors Inc. Acquires Shares of 5,505 Starbucks Co. (SBUX)

Guyasuta Investment Advisors Inc. acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the third quarter, HoldingsChannel.com reports. The firm acquired 5,505 shares of the coffee company’s stock, valued at approximately $296,000.

A number of other institutional investors also recently made changes to their positions in the stock. Jacobi Capital Management LLC raised its position in Starbucks by 6.9% in the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after purchasing an additional 129 shares during the period. Valley National Advisers Inc. raised its position in Starbucks by 2.8% in the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after purchasing an additional 57 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Starbucks in the second quarter valued at $128,000. Horan Capital Advisors LLC. purchased a new stake in Starbucks in the third quarter valued at $131,000. Finally, Aviance Capital Management LLC purchased a new stake in Starbucks in the second quarter valued at $146,000. Hedge funds and other institutional investors own 70.72% of the company’s stock.

A number of equities research analysts have commented on SBUX shares. Stephens restated an “equal weight” rating and issued a $52.00 target price (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. Mizuho restated a “buy” rating and issued a $75.00 target price on shares of Starbucks in a research report on Friday, September 29th. Stifel Nicolaus started coverage on Starbucks in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $58.00 target price on the stock. Morgan Stanley restated an “overweight” rating and issued a $62.00 target price on shares of Starbucks in a research report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.54.

In related news, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig Weatherup sold 56,666 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The disclosure for this sale can be found here. Insiders have sold a total of 497,808 shares of company stock valued at $28,559,521 over the last three months. 3.40% of the stock is currently owned by insiders.

Starbucks Co. (SBUX) opened at $61.26 on Monday. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87. The company has a market capitalization of $87,160.00, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.66 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm posted $0.56 EPS. Starbucks’s revenue for the quarter was down .2% on a year-over-year basis. analysts anticipate that Starbucks Co. will post 2.38 earnings per share for the current fiscal year.

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Starbucks 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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