Starbucks Co. (SBUX) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,898 shares of the coffee company’s stock after purchasing an additional 9,953 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Starbucks were worth $7,568,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SBUX. Jacobi Capital Management LLC increased its position in Starbucks by 6.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after purchasing an additional 129 shares in the last quarter. IHT Wealth Management LLC increased its position in Starbucks by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after acquiring an additional 187 shares during the period. Valley National Advisers Inc. increased its position in Starbucks by 2.8% in the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after acquiring an additional 57 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Starbucks in the 2nd quarter valued at approximately $128,000. Finally, Kings Point Capital Management increased its position in Starbucks by 22.5% in the 1st quarter. Kings Point Capital Management now owns 2,310 shares of the coffee company’s stock valued at $135,000 after acquiring an additional 425 shares during the period. Institutional investors and hedge funds own 70.67% of the company’s stock.

Several brokerages have issued reports on SBUX. Robert W. Baird decreased their price target on shares of Starbucks from $70.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Mizuho restated a “buy” rating and issued a $75.00 price target on shares of Starbucks in a research report on Friday, September 29th. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price target for the company. in a research report on Monday, November 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $67.00 price target on shares of Starbucks in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group decreased 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $63.26.

In related news, Director Craig Weatherup sold 56,666 shares of the 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 transaction, the director now directly owns 56,666 shares of the company’s stock, valued at $3,214,662.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Javier G. Teruel sold 62,966 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,808 shares of company stock worth $28,559,521. 3.40% of the stock is owned by insiders.

Shares of Starbucks Co. (SBUX) opened at $58.01 on Wednesday. The firm has a market cap of $82,540.00, a price-to-earnings ratio of 28.16, a PEG ratio of 1.59 and a beta of 0.76. Starbucks Co. has a 12-month low of $52.58 and a 12-month high of $64.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 15th. This is a positive change from Starbucks’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.07%. Starbucks’s dividend payout ratio is currently 60.91%.

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Starbucks 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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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