Heritage Investors Management Corp Has $249,000 Position in Starbucks Co. (SBUX)

Heritage Investors Management Corp decreased its position in Starbucks Co. (NASDAQ:SBUX) by 34.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,346 shares of the coffee company’s stock after selling 1,780 shares during the quarter. Heritage Investors Management Corp’s holdings in Starbucks were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SBUX. Oregon Public Employees Retirement Fund raised its holdings in Starbucks by 5,590.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,679,558 shares of the coffee company’s stock valued at $368,000 after acquiring an additional 23,263,399 shares in the last quarter. Norges Bank acquired a new stake in Starbucks in the fourth quarter valued at approximately $807,368,000. Two Sigma Advisers LP acquired a new stake in Starbucks in the fourth quarter valued at approximately $352,796,000. Morgan Stanley raised its holdings in Starbucks by 4.8% in the third quarter. Morgan Stanley now owns 49,371,647 shares of the coffee company’s stock valued at $2,806,283,000 after acquiring an additional 2,254,701 shares in the last quarter. Finally, Swedbank acquired a new stake in Starbucks during the fourth quarter worth approximately $100,070,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Clifford Burrows sold 152,634 shares of Starbucks stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $67.22, for a total value of $10,260,057.48. Following the transaction, the insider now directly owns 311,083 shares in the company, valued at approximately $20,910,999.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Culver sold 169,096 shares of Starbucks stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $68.81, for a total transaction of $11,635,495.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 565,806 shares of company stock worth $38,789,988. 3.98% of the stock is currently owned by insiders.

Shares of Starbucks stock opened at $76.06 on Friday. The firm has a market capitalization of $94.59 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.51. Starbucks Co. has a 12 month low of $47.37 and a 12 month high of $76.95. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Starbucks had a net margin of 11.98% and a return on equity of 193.00%. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Starbucks Co. will post 2.72 EPS for the current fiscal year.

A number of research firms have weighed in on SBUX. Oppenheimer raised their price objective on shares of Starbucks from $72.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday. Wedbush reissued a “hold” rating and set a $70.00 price objective on shares of Starbucks in a report on Thursday. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Monday, January 28th. Mizuho set a $75.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. Starbucks currently has an average rating of “Buy” and a consensus target price of $69.08.

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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 beverages, iced tea, 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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