Utah Retirement Systems held its place in shares of Starbucks Corp. (NASDAQ:SBUX) through the third quarter, in accordance with its most up-to-date submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 261,268 shares of the espresso firm’s inventory on the finish of the third quarter. Utah Retirement Systems’ holdings in Starbucks Corp. have been value $14,145,000 as of its most up-to-date SEC submitting.
Other institutional buyers additionally just lately made modifications to their positions in the corporate. Autus Asset Management LLC boosted its place in Starbucks Corp. by three.four% in the third quarter. Autus Asset Management LLC now owns four,859 shares of the espresso firm’s inventory value $263,000 after shopping for a further 160 shares through the interval. Bahl & Gaynor Inc. boosted its place in Starbucks Corp. by 23.7% in the third quarter. Bahl & Gaynor Inc. now owns 11,887 shares of the espresso firm’s inventory value $644,000 after shopping for a further 2,279 shares through the interval. GAM Holding AG boosted its place in Starbucks Corp. by 48.three% in the third quarter. GAM Holding AG now owns 404,363 shares of the espresso firm’s inventory value $21,897,000 after shopping for a further 131,784 shares in the course of the interval. Zevin Asset Management LLC boosted its place in Starbucks Corp. by 2.2% in the third quarter. Zevin Asset Management LLC now owns 60,054 shares of the espresso firm’s inventory value $three,251,000 after shopping for a further 1,310 shares through the interval. Finally, Oppenheimer & Co. Inc. boosted its place in Starbucks Corp. by 2.zero% in the third quarter. Oppenheimer & Co. Inc. now owns 343,656 shares of the espresso firm’s inventory value $18,605,000 after shopping for a further 6,676 shares through the interval. 67.37% of the inventory is owned by hedge funds and different institutional buyers.
Shares of Starbucks Corp. (NASDAQ:SBUX) traded down zero.10% throughout buying and selling on Friday, reaching $57.65. The firm’s inventory had a buying and selling quantity of seven,765,054 shares. Starbucks Corp. has a one yr low of $50.84 and a one yr excessive of $61.78. The agency’s 50-day shifting common worth is $56.02 and its 200-day shifting common worth is $55.51. The firm has a market capitalization of $83.90 billion, a worth-to-earnings ratio of 30.34 and a beta of zero.80.
Starbucks Corp. (NASDAQ:SBUX) final launched its earnings outcomes on Thursday, November third. The espresso firm reported $zero.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $zero.55 by $zero.01. Starbucks Corp. had a internet margin of 13.22% and a return on fairness of 49.88%. The agency earned $5.71 billion in the course of the quarter, in comparison with analyst estimates of $5.68 billion. During the identical interval final yr, the enterprise earned $zero.43 earnings per share. The enterprise’s income was up 16.2% on a yr-over-yr foundation. On common, equities analysts anticipate that Starbucks Corp. will publish $2.14 earnings per share for the present yr.
The firm additionally lately disclosed a quarterly dividend, which was paid on Friday, December 2nd. Investors of report on Thursday, November 17th have been issued a $zero.25 dividend. This is a constructive change from Starbucks Corp.’s earlier quarterly dividend of $zero.20. This represents a $1.00 dividend on an annualized foundation and a yield of 1.73%. The ex-dividend date was Tuesday, November 15th. Starbucks Corp.’s payout ratio is presently 52.63%.
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Numerous equities analysts have lately commented on SBUX shares. lowered their worth goal on Starbucks Corp. from $70.00 to $68.00 and set a “buy” score for the corporate in a report on Wednesday, September 28th. RBC Capital Markets lowered their worth goal on Starbucks Corp. from $68.00 to $64.00 and set an “outperform” score for the corporate in a report on Wednesday, October 19th. Macquarie raised Starbucks Corp. from a “buy” score to a “strong-buy” score in a report on Wednesday, September 14th. Deutsche Bank AG lowered their worth goal on Starbucks Corp. from $67.00 to $59.00 and set a “hold” score on the inventory in a analysis report on Tuesday, November 1st. Finally, Robert W. Baird restated an “outperform” score on shares of Starbucks Corp. in a analysis report on Thursday, September eighth. Seven analysts have rated the inventory with a maintain score, twenty-5 have given a purchase score and one has issued a robust purchase score to the corporate’s inventory. The firm presently has a mean score of “Buy” and a mean worth goal of $63.45.
In associated information, insider John Culver bought 168,814 shares of the enterprise’s inventory in a transaction that occurred on Monday, December 12th. The shares have been bought at a mean worth of $58.65, for a complete worth of $9,900,941.10. Following the completion of the transaction, the insider now instantly owns 478,446 shares in the corporate, valued at roughly $28,060,857.90. The sale was disclosed in a doc filed with the SEC, which is out there via this hyperlink. Also, insider Clifford Burrows bought 80,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, December eighth. The inventory was bought at a mean worth of $58.88, for a complete transaction of $four,710,400.00. Following the completion of the transaction, the insider now owns 248,517 shares of the corporate’s inventory, valued at $14,632,680.96. The disclosure for this sale could be discovered here. three.38% of the inventory is at present owned by company insiders.
About Starbucks Corp.
Starbucks Corporation is the roaster, marketer and retailer of specialty espresso. The Company purchases and roasts coffees that it sells, together with espresso, tea and different drinks, and a variety of recent meals gadgets, by means of Company-operated shops. It additionally sells a variety of espresso and tea merchandise and licenses its logos by way of different channels, reminiscent of licensed shops, grocery and nationwide foodservice accounts.
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