Alley Co LLC Has $3.48 Million Stake in Starbucks Corporation (NASDAQ:SBUX)

Alley Co LLC boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,601 shares of the coffee company’s stock after buying an additional 2,796 shares during the period. Alley Co LLC’s holdings in Starbucks Corporation were worth $3,480,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vaughan David Investments Inc. IL boosted its stake in Starbucks Corporation by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after buying an additional 26 shares in the last quarter. Alpha Windward LLC boosted its stake in Starbucks Corporation by 1.0% in the first quarter. Alpha Windward LLC now owns 2,961 shares of the coffee company’s stock valued at $173,000 after buying an additional 30 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in Starbucks Corporation by 1.1% in the first quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after buying an additional 40 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in Starbucks Corporation by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 11,016 shares of the coffee company’s stock valued at $643,000 after buying an additional 75 shares in the last quarter. Finally, FCG Advisors LLC boosted its stake in Starbucks Corporation by 1.5% in the first quarter. FCG Advisors LLC now owns 5,229 shares of the coffee company’s stock valued at $305,000 after buying an additional 76 shares in the last quarter. 69.85% of the stock is currently owned by institutional investors.

Shares of Starbucks Corporation (NASDAQ:SBUX) opened at 55.63 on Tuesday. The company has a market cap of $80.32 billion, a price-to-earnings ratio of 28.08 and a beta of 0.80. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87. The company has a 50 day moving average of $58.47 and a 200-day moving average of $58.49.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that Starbucks Corporation will post $2.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.

WARNING: “Alley Co LLC Has $3.48 Million Stake in Starbucks Corporation (NASDAQ:SBUX)” was first posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.themarketsdaily.com/2017/08/08/alley-co-llc-has-3-48-million-stake-in-starbucks-corporation-nasdaqsbux.html.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $66.00 price target on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, April 28th. UBS AG set a $70.00 price target on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Wedbush reaffirmed a “hold” rating on shares of Starbucks Corporation in a research note on Friday, July 28th. BTIG Research reissued a “buy” rating and issued a $64.00 target price on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, Instinet reissued a “buy” rating and issued a $67.00 target price (down from $70.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.93.

In other news, insider Clifford Burrows sold 114,826 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the transaction, the insider now directly owns 363,343 shares in the company, valued at $21,604,374.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Myron E. Ullman III sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total value of $606,300.00. Following the transaction, the director now owns 24,000 shares of the company’s stock, valued at $1,455,120. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Starbucks Corporation 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.

Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX).

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply