Dohj LLC Sells 186 Shares of Starbucks Co. (NASDAQ:SBUX)

Dohj LLC decreased its position in Starbucks Co. (NASDAQ:SBUX) by 1.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,514 shares of the coffee company’s stock after selling 186 shares during the period. Dohj LLC’s holdings in Starbucks were worth $1,064,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Magellan Asset Management Ltd raised its stake in shares of Starbucks by 1.4% during the 1st quarter. Magellan Asset Management Ltd now owns 30,087,626 shares of the coffee company’s stock worth $3,287,675,000 after purchasing an additional 416,103 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Starbucks by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 19,158,097 shares of the coffee company’s stock worth $2,087,833,000 after purchasing an additional 437,321 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Starbucks by 0.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 14,089,525 shares of the coffee company’s stock worth $1,539,562,000 after purchasing an additional 106,466 shares in the last quarter. Polen Capital Management LLC raised its stake in shares of Starbucks by 1.8% during the 1st quarter. Polen Capital Management LLC now owns 14,048,204 shares of the coffee company’s stock worth $1,535,047,000 after purchasing an additional 245,298 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Starbucks by 121.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,585,346 shares of the coffee company’s stock worth $1,265,931,000 after purchasing an additional 6,350,284 shares in the last quarter. Hedge funds and other institutional investors own 68.27% of the company’s stock.

Shares of SBUX stock traded down $5.62 during trading hours on Wednesday, hitting $113.24. The company had a trading volume of 386,363 shares, compared to its average volume of 5,848,181. The stock has a market capitalization of $133.52 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 3.06 and a beta of 0.88. Starbucks Co. has a fifty-two week low of $81.75 and a fifty-two week high of $126.32. The company’s fifty day moving average is $118.21 and its 200 day moving average is $114.01.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Monday, July 26th. The coffee company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.23. Starbucks had a net margin of 10.43% and a negative return on equity of 43.16%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.26 billion. During the same quarter last year, the business earned ($0.46) earnings per share. The business’s revenue for the quarter was up 77.6% compared to the same quarter last year. Equities research analysts expect that Starbucks Co. will post 3.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Thursday, August 12th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 11th. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. Starbucks’s dividend payout ratio is currently 153.85%.

SBUX has been the subject of several recent analyst reports. MKM Partners raised their target price on Starbucks from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 28th. Royal Bank of Canada raised their price objective on Starbucks from $134.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Robert W. Baird restated a “buy” rating on shares of Starbucks in a report on Wednesday, July 28th. Jefferies Financial Group lifted their price target on Starbucks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Finally, Oppenheimer lifted their price target on Starbucks from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $126.15.

In other news, CEO Kevin R. Johnson sold 359,177 shares of the firm’s stock in a transaction on Thursday, July 29th. The stock was sold at an average price of $122.81, for a total value of $44,110,527.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Culver sold 148,619 shares of the firm’s stock in a transaction on Friday, August 6th. The shares were sold at an average price of $119.00, for a total value of $17,685,661.00. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

Starbucks Profile

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, EMEA segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores.

See Also: Hold Rating

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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