Starbucks Co. (SBUX) Holdings Raised by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC boosted its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 3.4% in the third quarter, HoldingsChannel.com reports. The firm owned 63,696 shares of the coffee company’s stock after acquiring an additional 2,088 shares during the period. Cetera Advisor Networks LLC’s holdings in Starbucks were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SBUX. Jacobi Capital Management LLC boosted its position in shares of 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 acquiring an additional 129 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Starbucks in the third quarter valued at approximately $111,000. Valley National Advisers Inc. boosted its position in shares of 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 acquiring an additional 57 shares during the period. Horan Capital Advisors LLC. bought a new stake in shares of Starbucks in the third quarter valued at approximately $131,000. Finally, Aviance Capital Management LLC bought a new stake in shares of Starbucks in the second quarter valued at approximately $146,000. 71.87% of the stock is owned by hedge funds and other institutional investors.

Starbucks Co. (NASDAQ SBUX) opened at $53.77 on Friday. The company has a market capitalization of $76,500.00, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.54 and a beta of 0.70. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. analysts predict that Starbucks Co. will post 2.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 annualized dividend and a yield of 2.23%. Starbucks’s dividend payout ratio is currently 39.60%.

In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value of $16,548,737.28. Following the transaction, the insider now owns 29,872,564 shares of the company’s stock, valued at $1,703,632,324.92. The disclosure for this sale can be found here. Insiders have sold 597,668 shares of company stock valued at $34,216,388 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Credit Suisse Group reduced their price objective on Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Deutsche Bank reissued a “buy” rating and issued a $63.00 price objective on shares of Starbucks in a research report on Friday, January 26th. OTR Global raised Starbucks to a “positive” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Starbucks from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Tigress Financial reissued a “buy” rating on shares of Starbucks in a research report on Tuesday, January 2nd. One equities research 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 given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $64.32.

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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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