FinTrust Capital Advisors LLC reduced its position in shares of Starbucks Co. (NASDAQ:SBUX) by 11.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,087 shares of the coffee company’s stock after selling 1,749 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Starbucks were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBUX. Dimensional Fund Advisors LP boosted its position in shares of Starbucks by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,100,583 shares of the coffee company’s stock valued at $264,063,000 after acquiring an additional 20,719 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Starbucks by 11.8% during the 1st quarter. First Hawaiian Bank now owns 31,987 shares of the coffee company’s stock valued at $2,378,000 after acquiring an additional 3,376 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Starbucks by 8.6% during the 1st quarter. Dubuque Bank & Trust Co. now owns 159,733 shares of the coffee company’s stock valued at $11,875,000 after acquiring an additional 12,651 shares during the last quarter. CX Institutional boosted its position in shares of Starbucks by 20.7% during the 1st quarter. CX Institutional now owns 42,449 shares of the coffee company’s stock valued at $3,156,000 after acquiring an additional 7,267 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Starbucks by 16.4% during the 1st quarter. Fulton Bank N.A. now owns 9,516 shares of the coffee company’s stock valued at $708,000 after acquiring an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 72.54% of the company’s stock.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their target price on Starbucks to $84.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. They noted that the move was a valuation call. KeyCorp increased their price target on Starbucks from $84.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Morgan Stanley increased their price target on Starbucks from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Stifel Nicolaus increased their price target on Starbucks from $86.00 to $90.00 and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Jefferies Financial Group increased their price target on Starbucks from $96.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $89.53.

SBUX stock traded up $0.42 during midday trading on Thursday, reaching $95.34. The company’s stock had a trading volume of 352,340 shares, compared to its average volume of 7,953,828. The company’s fifty day moving average price is $91.38. Starbucks Co. has a 1 year low of $52.30 and a 1 year high of $99.72. The stock has a market cap of $113.61 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55.

Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Starbucks had a negative return on equity of 125.91% and a net margin of 13.63%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Starbucks Co. will post 2.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, August 8th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.51%. Starbucks’s payout ratio is 59.50%.

In other news, CAO Jill Walker sold 6,492 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $95.70, for a total transaction of $621,284.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin R. Johnson sold 23,390 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $98.32, for a total value of $2,299,704.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,801 shares of company stock worth $6,301,684. Insiders own 3.98% of the company’s stock.

Starbucks 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 beverages, iced tea, 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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