Starbucks Co. (NASDAQ:SBUX) Stock Position Decreased by Triodos Investment Management BV

Triodos Investment Management BV reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 4.9% during the third quarter, Holdings Channel reports. The institutional investor owned 197,665 shares of the coffee company’s stock after selling 10,235 shares during the period. Starbucks comprises 4.4% of Triodos Investment Management BV’s holdings, making the stock its 8th biggest position. Triodos Investment Management BV’s holdings in Starbucks were worth $17,478,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SBUX. Neville Rodie & Shaw Inc. purchased a new position in shares of Starbucks in the 2nd quarter worth about $218,000. Bath Savings Trust Co lifted its holdings in Starbucks by 0.6% during the second quarter. Bath Savings Trust Co now owns 138,722 shares of the coffee company’s stock valued at $11,629,000 after purchasing an additional 845 shares during the last quarter. Summit Financial Group Inc. lifted its holdings in Starbucks by 10.2% during the second quarter. Summit Financial Group Inc. now owns 4,214 shares of the coffee company’s stock valued at $353,000 after purchasing an additional 389 shares during the last quarter. Winfield Associates Inc. lifted its holdings in Starbucks by 6.1% during the second quarter. Winfield Associates Inc. now owns 3,455 shares of the coffee company’s stock valued at $290,000 after purchasing an additional 200 shares during the last quarter. Finally, Swedbank lifted its holdings in Starbucks by 4.8% during the second quarter. Swedbank now owns 1,634,800 shares of the coffee company’s stock valued at $137,045,000 after purchasing an additional 75,163 shares during the last quarter. 70.68% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Myron E. Ullman III sold 9,973 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $96.42, for a total value of $961,596.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Javier G. Teruel sold 59,838 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.92, for a total value of $5,799,498.96. The disclosure for this sale can be found here. Insiders sold 112,885 shares of company stock valued at $10,707,543 in the last ninety days. 3.98% of the stock is currently owned by insiders.

Several equities research analysts have commented on the stock. Wedbush reaffirmed a “neutral” rating on shares of Starbucks in a report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Starbucks to $84.00 and gave the company a “market perform” rating in a report on Friday, July 26th. They noted that the move was a valuation call. Stephens upped their price objective on shares of Starbucks from $72.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Cleveland Research reaffirmed a “hold” rating on shares of Starbucks in a report on Tuesday, September 10th. Finally, ValuEngine downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.64.

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Shares of SBUX traded down $0.18 during midday trading on Friday, hitting $81.77. 7,054,700 shares of the company traded hands, compared to its average volume of 8,267,584. The firm has a market cap of $98.02 billion, a P/E ratio of 28.89, a PEG ratio of 2.03 and a beta of 0.53. Starbucks Co. has a one year low of $60.42 and a one year high of $99.72. The stock has a 50-day moving average of $85.72 and a 200-day moving average of $86.55.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.68 billion. Starbucks had a negative return on equity of 75.45% and a net margin of 13.58%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts predict that Starbucks Co. will post 3.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be paid a $0.41 dividend. This is a positive change from Starbucks’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. Starbucks’s dividend payout ratio (DPR) is presently 50.88%.

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 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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