Starbucks Co. (SBUX) Holdings Lifted by CLS Investments LLC

CLS Investments LLC raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,343 shares of the coffee company’s stock after purchasing an additional 3,149 shares during the quarter. CLS Investments LLC’s holdings in Starbucks were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SBUX. Acadian Asset Management LLC raised its holdings in Starbucks by 9.7% during the second quarter. Acadian Asset Management LLC now owns 21,788 shares of the coffee company’s stock worth $1,064,000 after purchasing an additional 1,929 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Starbucks during the second quarter worth about $731,000. Rockefeller Capital Management L.P. raised its holdings in Starbucks by 18.7% during the second quarter. Rockefeller Capital Management L.P. now owns 11,820 shares of the coffee company’s stock worth $578,000 after purchasing an additional 1,866 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Starbucks by 6.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,280,149 shares of the coffee company’s stock valued at $257,935,000 after buying an additional 308,487 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its holdings in Starbucks by 5.7% in the second quarter. Exencial Wealth Advisors LLC now owns 73,367 shares of the coffee company’s stock valued at $3,584,000 after buying an additional 3,936 shares in the last quarter. Hedge funds and other institutional investors own 71.14% of the company’s stock.

In other news, Director Myron E. Ullman III sold 99,166 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total value of $5,459,088.30. Following the sale, the director now directly owns 29,000 shares in the company, valued at $1,596,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on SBUX shares. Zacks Investment Research cut shares of Starbucks from a “hold” rating to a “sell” rating in a report on Monday, August 6th. BidaskClub raised shares of Starbucks from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Piper Jaffray Companies cut shares of Starbucks from an “overweight” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Tuesday, August 21st. ValuEngine raised shares of Starbucks from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Finally, Wedbush reaffirmed a “hold” rating and issued a $53.00 target price on shares of Starbucks in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.05.

SBUX stock opened at $66.72 on Monday. The company has a market capitalization of $82.77 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 1.87 and a beta of 0.48. Starbucks Co. has a 12 month low of $47.37 and a 12 month high of $68.98. The company has a current ratio of 2.20, a quick ratio of 1.95 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.28 billion. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. Equities analysts anticipate that Starbucks Co. will post 2.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.16%. Starbucks’s dividend payout ratio is presently 59.50%.

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Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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