Starbucks Corporation (NASDAQ:SBUX).
Vontobel Asset Management Inc says it sold 146,049 shares in quarter ending 06/30/2017 decreasing its holdings in Starbucks Corporation by 4.4%. Its position stood at $191,555,000 a decrease of $10,415,000 as of quarter end.
The following firms have also recently changed their position in SBUX. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 1,050 shares trimming its stake by 0.9%. The value of the company’s investment in Starbucks Corporation decreased from $6,513,000 to $6,443,000 a change of 1.1% since the last quarter. Pennsylvania Trust Co bolstered its ownership by buying 5,505 shares an increase of 9.4% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co controls 63,947 shares with a value of $3,729,000. The total value of its holdings increased 9.3%.
As of the end of the quarter Banced Corp had sold 988 shares trimming its position 10.4%. The value of the investment in (SBUX) went from $554,000 to $495,000 a change of $59,000 quarter to quarter.
KeyBanc issued its first research report on the stock setting a rating of “Overweight”. On June 14, 2017 the stock rating was rated “Neutral” by Wedbush which was a cut from the previous “Outperform” rating.
On June 9 analysts at Mizuho initiated coverage on SBUX with a rating of “Buy”. On May 15 the company was set at “Buy” according to a Deutsche Bank report which is up from the previous “Buy” rating.
October 19 investment analysts at RBC Capital made no change to the company rating of “Outperform” and raised the price target to $64.00 from $60.00. On September 28 Wedbush made no change to the stock rating of “Outperform” and lowered the price expectation from $69.00 to $65.00.
The company is trading up from yesterday’s close of $57.9. Additionally Starbucks Corporation recently declared a dividend that was paid on Friday May 26th, 2017. The dividend was $0.250 per share for the quarter or $1.00 annualized. This dividend represents a yield of $1.72. The ex-dividend date was Tuesday the 9th of May 2017.
Company shares last traded at $58.21 which is marginally lower than $61.21, the 50 day moving average and just below the 200 day moving average of $58.43. The 50 day moving average was down $-2.89 or -4.718% whereas the 200 day average was down by -0.184%.
The most current P/E ratio is 28.845 and the market cap is 84.46B. As of the latest earnings report the EPS was $2.02 and is estimated to be $2.10 for the current year with 1,448,099,000 shares outstanding. Next quarter’s EPS is estimated at $0.59 and the next full year EPS is projected to be $2.42.
Traders are a little more bearish on shares of Starbucks Corporation lately if you take a look at the uptick in short interest. The firm experienced a rise in short interest of 9.40% between May 31, 2017 and May 15, 2017. Short interest increased from 21,500,968 to 23,521,766 over that timeframe. Days to cover decreased from 3.1 to 3.1 and the short interest percentage is 0.02% as of May 15.