Public Employees Retirement System of Ohio Has $52.15 Million Position in Starbucks Co. (SBUX)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 0.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 970,867 shares of the coffee company’s stock after selling 3,048 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Starbucks were worth $52,145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC increased its stake in Starbucks by 6.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after purchasing an additional 129 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Starbucks during the 3rd quarter worth approximately $111,000. Valley National Advisers Inc. grew its stake in shares of Starbucks by 2.8% during the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after acquiring an additional 57 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Starbucks during the 3rd quarter worth approximately $131,000. Finally, Aviance Capital Management LLC bought a new position in shares of Starbucks during the 2nd quarter worth approximately $146,000. 71.87% of the stock is owned by institutional investors and hedge funds.

In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the firm’s 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 sale, the senior vice president now owns 10,438 shares of the company’s stock, valued at approximately $594,444.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now directly owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Insiders have sold a total of 597,668 shares of company stock valued at $34,216,388 in the last ninety days. Insiders own 3.40% of the company’s stock.

Several equities analysts have recently weighed in on SBUX shares. UBS Group decreased their price target on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Mizuho set a $75.00 price target on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley raised their price target on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target for the company. in a research note on Thursday, November 2nd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $66.00 price target on shares of Starbucks in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.63.

Starbucks Co. (NASDAQ SBUX) opened at $54.58 on Friday. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a market cap of $77,660.00, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.49 and a beta of 0.70.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the business earned $0.52 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. research analysts anticipate that Starbucks Co. will post 2.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, February 7th. Starbucks’s dividend payout ratio is 39.60%.

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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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