Starbucks Corp. (SBUX) Position Increased by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. boosted its position in Starbucks Corp. (NASDAQ:SBUX) by 25.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,135 shares of the coffee company’s stock after buying an additional 1,261 shares during the period. Ausdal Financial Partners Inc.’s holdings in Starbucks Corp. were worth $350,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in SBUX. Advisory Services Network LLC increased its position in Starbucks Corp. by 0.3% in the second quarter. Advisory Services Network LLC now owns 4,339 shares of the coffee company’s stock valued at $248,000 after buying an additional 13 shares during the period. Roberts Glore & Co. Inc. IL increased its position in Starbucks Corp. by 0.9% in the second quarter. Roberts Glore & Co. Inc. IL now owns 5,325 shares of the coffee company’s stock valued at $304,000 after buying an additional 50 shares during the period. CLS Investments LLC increased its position in Starbucks Corp. by 0.4% in the first quarter. CLS Investments LLC now owns 15,413 shares of the coffee company’s stock valued at $920,000 after buying an additional 68 shares during the period. Abner Herrman & Brock LLC increased its position in Starbucks Corp. by 2.4% in the second quarter. Abner Herrman & Brock LLC now owns 4,152 shares of the coffee company’s stock valued at $234,000 after buying an additional 97 shares during the period. Finally, Trust Co increased its position in Starbucks Corp. by 1.4% in the first quarter. Trust Co now owns 7,164 shares of the coffee company’s stock valued at $428,000 after buying an additional 101 shares during the period. Institutional investors own 68.39% of the company’s stock.

Institutional Ownership by Quarter for Starbucks Corp. (NASDAQ:SBUX)

Shares of Starbucks Corp. (NASDAQ:SBUX) traded down 0.66% during trading on Monday, reaching $52.73. The company’s stock had a trading volume of 3,394,429 shares. The firm has a market cap of $77.33 billion, a PE ratio of 29.62 and a beta of 0.83. Starbucks Corp. has a 12 month low of $52.63 and a 12 month high of $64.00. The stock’s 50 day moving average price is $54.38 and its 200-day moving average price is $56.24.

Starbucks Corp. (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 21st. The coffee company reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Starbucks Corp. had a net margin of 13.01% and a return on equity of 46.89%. Equities analysts predict that Starbucks Corp. will post $1.89 EPS for the current year.

A number of research firms recently weighed in on SBUX. Zacks Investment Research cut Starbucks Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Morgan Stanley reaffirmed a “buy” rating and set a $64.00 price target on shares of Starbucks Corp. in a report on Sunday, August 14th. Macquarie raised Starbucks Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 14th. RBC Capital Markets reaffirmed an “outperform” rating and set a $68.00 price target on shares of Starbucks Corp. in a report on Tuesday, September 13th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Starbucks Corp. in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $66.39.

In other news, Director Myron E. Ullman III sold 12,654 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $58.70, for a total transaction of $742,789.80. Following the transaction, the director now owns 26,654 shares of the company’s stock, valued at approximately $1,564,589.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.38% of the company’s stock.

About Starbucks Corp.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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