Norman Fields Gottscho Capital Management LLC lifted its holdings in Starbucks Co. (NASDAQ:SBUX) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,043 shares of the coffee company’s stock after purchasing an additional 950 shares during the period. Starbucks comprises 3.6% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 7th biggest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Starbucks were worth $6,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBUX. BlackRock Inc. grew its stake in shares of Starbucks by 4.5% in the 1st quarter. BlackRock Inc. now owns 84,291,281 shares of the coffee company’s stock valued at $5,541,310,000 after buying an additional 3,614,642 shares in the last quarter. Geode Capital Management LLC boosted its position in Starbucks by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 18,603,871 shares of the coffee company’s stock worth $1,633,457,000 after purchasing an additional 161,755 shares during the period. Morgan Stanley grew its holdings in Starbucks by 15.1% during the first quarter. Morgan Stanley now owns 16,926,014 shares of the coffee company’s stock valued at $1,112,717,000 after purchasing an additional 2,219,969 shares during the last quarter. Norges Bank bought a new position in shares of Starbucks in the fourth quarter valued at approximately $1,092,239,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Starbucks by 2.2% in the first quarter. Wells Fargo & Company MN now owns 11,403,058 shares of the coffee company’s stock worth $749,637,000 after buying an additional 245,223 shares during the last quarter. 68.51% of the stock is currently owned by institutional investors.

Shares of NASDAQ SBUX traded up $0.08 during mid-day trading on Tuesday, hitting $72.73. The company’s stock had a trading volume of 8,684,359 shares, compared to its average volume of 9,041,686. Starbucks Co. has a one year low of $50.02 and a one year high of $99.72. The company’s fifty day simple moving average is $76.31 and its 200-day simple moving average is $78.50. The stock has a market cap of $86.79 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 6.72 and a beta of 0.79.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.85 billion. Starbucks had a net margin of 12.71% and a negative return on equity of 50.19%. Starbucks’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 0.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.41 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.64 annualized dividend and a dividend yield of 2.25%. Starbucks’s dividend payout ratio is currently 57.95%.

In related news, CAO Jill Walker sold 2,000 shares of Starbucks stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $82.64, for a total transaction of $165,280.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 4,252 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.09, for a total transaction of $315,030.68. Following the transaction, the director now owns 22,752 shares of the company’s stock, valued at approximately $1,685,695.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,756 shares of company stock valued at $1,128,953. 0.41% of the stock is owned by insiders.

A number of research analysts have weighed in on SBUX shares. MKM Partners boosted their target price on shares of Starbucks from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. TheStreet lowered Starbucks from a “b-” rating to a “c” rating in a report on Tuesday, April 28th. Royal Bank of Canada dropped their price target on Starbucks from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. BidaskClub cut Starbucks from a “hold” rating to a “sell” rating in a research report on Wednesday, June 24th. Finally, Telsey Advisory Group dropped their target price on shares of Starbucks from $90.00 to $80.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.56.

About Starbucks

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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