7,364 Shares in Starbucks Co. (SBUX) Acquired by Smith Moore & CO.

Smith Moore & CO. purchased a new stake in Starbucks Co. (NASDAQ:SBUX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,364 shares of the coffee company’s stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SBUX. Union Bankshares Corp raised its position in shares of Starbucks by 0.4% in the second quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after buying an additional 14 shares during the last quarter. Ken Stern & Associates Inc. raised its position in shares of Starbucks by 0.4% in the second quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock valued at $330,000 after buying an additional 23 shares during the last quarter. Spectrum Management Group Inc. raised its position in shares of Starbucks by 0.3% in the second quarter. Spectrum Management Group Inc. now owns 10,630 shares of the coffee company’s stock valued at $620,000 after buying an additional 30 shares during the last quarter. Heritage Investors Management Corp raised its position in shares of Starbucks by 0.8% in the second quarter. Heritage Investors Management Corp now owns 4,963 shares of the coffee company’s stock valued at $289,000 after buying an additional 40 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Starbucks by 0.7% in the second quarter. JFS Wealth Advisors LLC now owns 5,827 shares of the coffee company’s stock valued at $340,000 after buying an additional 41 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $52.00 price objective (down previously from $58.00) on shares of Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. Credit Suisse Group dropped their price target on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Tigress Financial reaffirmed a “buy” rating on shares of Starbucks in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating on shares of Starbucks in a research report on Thursday, October 5th. Finally, OTR Global raised shares of Starbucks to a “positive” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Starbucks presently has an average rating of “Buy” and an average target price of $63.26.

Starbucks Co. (NASDAQ:SBUX) opened at $58.93 on Friday. The firm has a market cap of $83,850.00, a price-to-earnings ratio of 29.91, a PEG ratio of 1.58 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. analysts anticipate that Starbucks Co. will post 2.31 EPS for the current fiscal year.

In other news, SVP Paul Mutty sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the completion of the transaction, the director now owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock valued at $28,559,521 over the last 90 days. Insiders own 3.40% of the company’s stock.

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About Starbucks

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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