Aperio Group LLC Has $47.13 Million Position in Starbucks Corporation (SBUX)

Aperio Group LLC boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 808,224 shares of the coffee company’s stock after buying an additional 71,216 shares during the period. Aperio Group LLC owned approximately 0.06% of Starbucks Corporation worth $47,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Union Bankshares Corp increased its position in shares of Starbucks Corporation 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 in the last quarter. Vaughan David Investments Inc. IL increased its position in shares of Starbucks Corporation by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after buying an additional 26 shares in the last quarter. Alpha Windward LLC increased its position in shares of Starbucks Corporation by 1.0% in the first quarter. Alpha Windward LLC now owns 2,961 shares of the coffee company’s stock valued at $173,000 after buying an additional 30 shares in the last quarter. CWM LLC increased its position in shares of Starbucks Corporation by 0.6% in the second quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after buying an additional 30 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its position in shares of Starbucks Corporation by 1.1% in the first quarter. Ingalls & Snyder LLC now owns 3,826 shares of the coffee company’s stock valued at $223,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.

Shares of Starbucks Corporation (SBUX) traded up 0.21% during trading on Friday, hitting $53.18. 9,235,033 shares of the company’s stock were exchanged. The company has a 50-day moving average of $57.19 and a 200-day moving average of $58.29. The company has a market cap of $76.79 billion, a P/E ratio of 26.85 and a beta of 0.80. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Starbucks Corporation’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Starbucks Corporation will post $2.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. Starbucks Corporation’s payout ratio is currently 50.76%.

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Several research analysts have recently issued reports on the stock. Stifel Nicolaus set a $66.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, April 28th. UBS AG set a $70.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Wedbush reiterated a “hold” rating on shares of Starbucks Corporation in a research note on Friday, July 28th. Instinet restated a “buy” rating and set a $67.00 price objective (down previously from $70.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, BTIG Research restated a “buy” rating and set a $64.00 price objective on shares of Starbucks Corporation in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. Starbucks Corporation currently has an average rating of “Buy” and a consensus price target of $64.93.

In other news, insider Clifford Burrows sold 114,826 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the sale, the insider now owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 10,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $60.63, for a total transaction of $606,300.00. Following the sale, the director now directly owns 24,000 shares in the company, valued at approximately $1,455,120. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Starbucks Corporation Company Profile

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.

Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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