Thompson Davis & CO. Inc. raised its stake in Starbucks Co. (NASDAQ:SBUX) by 810.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,360 shares of the coffee company’s stock after buying an additional 2,991 shares during the period. Thompson Davis & CO. Inc.’s holdings in Starbucks were worth $193,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in SBUX. Middleton & Co Inc MA lifted its position in shares of Starbucks by 11.8% in the 3rd quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock worth $5,310,000 after purchasing an additional 10,458 shares during the period. WINTON GROUP Ltd lifted its position in shares of Starbucks by 29.7% in the 2nd quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock worth $1,586,000 after purchasing an additional 6,225 shares during the period. Janus Henderson Group PLC lifted its position in shares of Starbucks by 3,076.5% in the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after purchasing an additional 13,452,551 shares during the period. Honeywell International Inc. lifted its position in shares of Starbucks by 11.9% in the 3rd quarter. Honeywell International Inc. now owns 709,062 shares of the coffee company’s stock worth $38,084,000 after purchasing an additional 75,400 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Starbucks by 7.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 275,000 shares of the coffee company’s stock worth $14,770,000 after purchasing an additional 20,000 shares during the period. 73.63% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on SBUX. Deutsche Bank reaffirmed a “buy” rating and issued a $63.00 price target on shares of Starbucks in a research report on Friday, January 26th. Vetr cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $60.26 price target for the company. in a research report on Monday. Tigress Financial reiterated a “buy” rating on shares of Starbucks in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and set a $66.00 price objective on shares of Starbucks in a research note on Friday, January 26th. Finally, BMO Capital Markets boosted their price objective on shares of Starbucks to $58.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Starbucks has an average rating of “Buy” and an average price target of $64.57.
Starbucks Co. (NASDAQ SBUX) opened at $59.40 on Tuesday. 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 52 week low of $52.58 and a 52 week high of $64.87. The stock has a market cap of $83,490.00, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.62 and a beta of 0.67.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business posted $0.52 EPS. Starbucks’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. Starbucks’s payout ratio is currently 38.34%.
COPYRIGHT VIOLATION NOTICE: “Thompson Davis & CO. Inc. Grows Holdings in Starbucks Co. (SBUX)” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2018/03/13/thompson-davis-co-inc-grows-holdings-in-starbucks-co-sbux.html.
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.
Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. (NASDAQ:SBUX).
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.