BARING ASSET MANAGEMENT Ltd lowered its holdings in Starbucks Co. (NASDAQ:SBUX) by 44.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,848 shares of the coffee company’s stock after selling 21,856 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in Starbucks were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SBUX. Union Bankshares Corp grew its holdings in shares of Starbucks by 0.4% in the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock worth $204,000 after acquiring an additional 14 shares during the period. Ken Stern & Associates Inc. grew its holdings in shares of Starbucks by 0.4% in the second quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock worth $330,000 after acquiring an additional 23 shares during the period. Vaughan David Investments Inc. IL grew its holdings in shares of Starbucks by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock worth $271,000 after acquiring an additional 26 shares during the period. Spectrum Management Group Inc. grew its holdings in shares of Starbucks by 0.3% in the second quarter. Spectrum Management Group Inc. now owns 10,630 shares of the coffee company’s stock worth $620,000 after acquiring an additional 30 shares during the period. Finally, Heritage Investors Management Corp grew its holdings in shares of Starbucks by 0.8% in the second quarter. Heritage Investors Management Corp now owns 4,963 shares of the coffee company’s stock worth $289,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 70.67% of the company’s stock.

Starbucks Co. (NASDAQ:SBUX) opened at $57.30 on Tuesday. The firm has a market capitalization of $81,530.00, a PE ratio of 29.09, a PEG ratio of 1.57 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Co. has a one year low of $52.58 and a one year high of $64.87.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. research analysts forecast that Starbucks Co. will post 2.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. Starbucks’s dividend payout ratio is 60.91%.

Several analysts recently commented on the company. Robert W. Baird cut their price objective on Starbucks from $70.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Starbucks in a report on Friday, September 29th. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price objective for the company. in a report on Monday, November 13th. Credit Suisse Group cut their price objective on Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Starbucks in a report on Friday, September 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $63.26.

In related news, SVP Paul Mutty sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the sale, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Howard D. Schultz sold 290,176 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 29,872,564 shares in the company, valued at $1,703,632,324.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 497,808 shares of company stock valued at $28,559,521. Corporate insiders own 3.40% of the company’s stock.

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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.

Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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