Deschutes Portfolio Strategy LLC held its position in shares of Starbucks Corporation (NASDAQ:SBUX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,765 shares of the coffee company’s stock at the end of the 2nd quarter. Deschutes Portfolio Strategy LLC’s holdings in Starbucks Corporation were worth $278,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Regent Investment Management LLC boosted its position in shares of Starbucks Corporation by 6.8% during the second quarter. Regent Investment Management LLC now owns 4,683 shares of the coffee company’s stock valued at $273,000 after buying an additional 300 shares during the last quarter. Private Vista LLC boosted its position in shares of Starbucks Corporation by 3,334.9% during the second quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after buying an additional 213,303 shares during the last quarter. Cape Cod Five Cents Savings Bank boosted its position in shares of Starbucks Corporation by 16.9% during the second quarter. Cape Cod Five Cents Savings Bank now owns 31,902 shares of the coffee company’s stock valued at $1,861,000 after buying an additional 4,616 shares during the last quarter. Welch Group LLC purchased a new stake in shares of Starbucks Corporation during the second quarter valued at $406,000. Finally, TrimTabs Asset Management LLC boosted its position in shares of Starbucks Corporation by 104.9% during the second quarter. TrimTabs Asset Management LLC now owns 4,296 shares of the coffee company’s stock valued at $250,000 after buying an additional 2,199 shares during the last quarter. 70.87% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on SBUX shares. Mizuho reaffirmed a “buy” rating and set a $75.00 price objective on shares of Starbucks Corporation in a research report on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price objective on shares of Starbucks Corporation in a research report on Friday, July 14th. Zacks Investment Research raised Starbucks Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Starbucks Corporation in a research report on Friday, July 21st. Finally, Wedbush reissued a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of Starbucks Corporation in a research report on Saturday, July 22nd. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Starbucks Corporation has an average rating of “Buy” and a consensus price target of $64.02.

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In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the completion of the transaction, the director now owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Culver sold 64,776 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $53.54, for a total value of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

About Starbucks Corporation

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 Corporation (NASDAQ:SBUX)

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