YHB Investment Advisors Inc. Has $2.80 Million Stake in Starbucks Co. (SBUX)

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YHB Investment Advisors Inc. trimmed its position in Starbucks Co. (NASDAQ:SBUX) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,193 shares of the coffee company’s stock after selling 4,680 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Starbucks were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of SBUX. Townsend & Associates Inc raised its stake in Starbucks by 30.6% during the 3rd quarter. Townsend & Associates Inc now owns 16,508 shares of the coffee company’s stock valued at $938,000 after purchasing an additional 3,868 shares during the last quarter. CMH Wealth Management LLC raised its stake in Starbucks by 13.8% during the 3rd quarter. CMH Wealth Management LLC now owns 32,140 shares of the coffee company’s stock valued at $1,786,000 after purchasing an additional 3,895 shares during the last quarter. Alethea Capital Management LLC acquired a new position in Starbucks during the 3rd quarter valued at $576,000. NN Investment Partners Holdings N.V. raised its stake in Starbucks by 611.8% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 361,750 shares of the coffee company’s stock valued at $20,561,000 after purchasing an additional 310,925 shares during the last quarter. Finally, CWM LLC raised its stake in Starbucks by 23.1% during the 3rd quarter. CWM LLC now owns 231,448 shares of the coffee company’s stock valued at $13,156,000 after purchasing an additional 43,449 shares during the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

SBUX opened at $58.27 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.76 and a current ratio of 1.01. Starbucks Co. has a twelve month low of $47.37 and a twelve month high of $61.94. The stock has a market capitalization of $79.04 billion, a PE ratio of 24.93, a PEG ratio of 1.59 and a beta of 0.60.

In other news, Director Myron E. Ullman III sold 99,166 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total value of $5,459,088.30. Following the sale, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,596,450. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Rosalind G. Brewer bought 5,000 shares of the stock in a transaction dated Monday, August 20th. The stock was purchased at an average cost of $54.04 per share, for a total transaction of $270,200.00. Following the acquisition, the insider now owns 7,302 shares in the company, valued at approximately $394,600.08. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 295,832 shares of company stock worth $15,834,037. 3.40% of the stock is owned by insiders.

SBUX has been the subject of several research analyst reports. Wells Fargo & Co upped their target price on shares of Starbucks from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, October 17th. KeyCorp restated a “buy” rating on shares of Starbucks in a research note on Thursday, October 4th. Zacks Investment Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 21st. BidaskClub upgraded shares of Starbucks from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, ValuEngine upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $60.62.

Starbucks 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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