12,186 Shares in Starbucks Co. (SBUX) Purchased by D.B. Root & Company LLC

D.B. Root & Company LLC acquired a new position in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,186 shares of the coffee company’s stock, valued at approximately $700,000.

Several other institutional investors also recently bought and sold shares of the stock. KCM Investment Advisors LLC increased its holdings in Starbucks by 3.8% in the fourth quarter. KCM Investment Advisors LLC now owns 139,432 shares of the coffee company’s stock worth $8,008,000 after purchasing an additional 5,055 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Starbucks by 6.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 255,700 shares of the coffee company’s stock worth $14,685,000 after purchasing an additional 16,391 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Starbucks by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 300,000 shares of the coffee company’s stock worth $17,229,000 after purchasing an additional 25,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Starbucks by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 926,409 shares of the coffee company’s stock worth $53,204,000 after purchasing an additional 65,357 shares in the last quarter. Finally, CNB Bank bought a new stake in Starbucks in the fourth quarter worth approximately $362,000. 73.47% of the stock is currently owned by institutional investors.

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Shares of NASDAQ:SBUX opened at $59.22 on Friday. The company has a market cap of $84,097.05, a P/E ratio of 28.75, a P/E/G ratio of 1.66 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. Starbucks’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. research analysts predict that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.

In related news, insider Clifford Burrows sold 162,826 shares of Starbucks stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the transaction, the insider now owns 331,829 shares of the company’s stock, valued at $18,920,889.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the transaction, the director now directly owns 39,000 shares in the company, valued at approximately $2,126,280. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 247,664 shares of company stock worth $14,243,602. 3.40% of the stock is owned by insiders.

A number of brokerages have weighed in on SBUX. Cowen downgraded Starbucks from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $68.00 to $65.00 in a report on Friday, April 13th. Zacks Investment Research downgraded Starbucks from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. Vetr upgraded Starbucks from a “hold” rating to a “buy” rating and set a $59.39 target price for the company in a report on Tuesday, April 3rd. BidaskClub upgraded Starbucks from a “hold” rating to a “buy” rating in a report on Friday, March 30th. Finally, Wedbush downgraded Starbucks from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $56.00 in a report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and a consensus target price of $64.17.

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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 coffee and tea products, 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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