Halsey Associates Inc. CT Acquires 1,198 Shares of Starbucks Co. (SBUX)

Halsey Associates Inc. CT raised its holdings in Starbucks Co. (NASDAQ:SBUX) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 224,492 shares of the coffee company’s stock after purchasing an additional 1,198 shares during the quarter. Starbucks comprises 2.3% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 18th biggest holding. Halsey Associates Inc. CT’s holdings in Starbucks were worth $12,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Archford Capital Strategies LLC raised its position in shares of Starbucks by 669.7% in the second quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock valued at $107,000 after buying an additional 1,902 shares during the last quarter. Polaris Greystone Financial Group LLC acquired a new position in shares of Starbucks in the third quarter valued at approximately $107,000. Fort L.P. acquired a new position in shares of Starbucks in the second quarter valued at approximately $112,000. Point72 Hong Kong Ltd acquired a new position in shares of Starbucks in the second quarter valued at approximately $115,000. Finally, RPg Family Wealth Advisory LLC raised its position in shares of Starbucks by 155.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock valued at $134,000 after buying an additional 1,673 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors.

Shares of SBUX stock opened at $65.34 on Friday. Starbucks Co. has a one year low of $47.37 and a one year high of $68.98. The company has a quick ratio of 1.95, a current ratio of 2.20 and a debt-to-equity ratio of 7.73. The company has a market cap of $81.06 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.83 and a beta of 0.52.



Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. Starbucks’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts anticipate that Starbucks Co. will post 2.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.44 annualized dividend and a yield of 2.20%. Starbucks’s dividend payout ratio is currently 59.50%.

A number of equities analysts have recently weighed in on SBUX shares. Royal Bank of Canada boosted their price objective on shares of Starbucks to $68.00 and gave the company a “positive” rating in a research report on Friday, November 2nd. BidaskClub raised shares of Starbucks from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Bank of America boosted their price objective on shares of Starbucks from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, ValuEngine raised shares of Starbucks from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Starbucks has a consensus rating of “Buy” and an average target price of $66.23.

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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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Read More: How To Calculate Debt-to-Equity Ratio

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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