Starbucks Corporation (NASDAQ:SBUX).
Vontobel Asset Management Inc says it lowered its position in Starbucks Corporation shares by 4.4% as of the end of the last quarter. Its stake was valued at $191,555,000 a decrease of 5.2% as of the end of the quarter.
Here are a few additional firms who have increased or decreased their stake in (SBUX). As of quarter end Gateway Investment Advisers LLC had sold 1,050 shares trimming its stake by 0.9%. The value of the investment in Starbucks Corporation decreased from $6,513,000 to $6,443,000 decreasing 1.1% for the reporting period. Pennsylvania Trust Co added to its investment by buying 5,505 shares an increase of 9.4% as of 06/30/2017. Pennsylvania Trust Co claims 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 disposed of a total of 988 shares trimming its holdings by 10.4%. The value of the total investment in Starbucks Corporation went from $554,000 to $495,000 a change of 10.6% since the last quarter.
Equity analyst KeyBanc issued its first research report on the stock setting a rating of “Overweight”. On June 14, 2017 the stock rating was set at “Neutral” according to a Wedbush report which was a cut from the previous “Outperform” rating.
On June 9 analysts at Mizuho initiated coverage on SBUX giving it an initial rating of “Buy”. On May 15 the company was rated “Buy” by Deutsche Bank a boost from the previous “Buy” rating.
October 19 investment analysts at RBC Capital maintained a stock rating of “Outperform” but raised the price target to $64.00 from $60.00. On September 28 Wedbush held the stock rating at “Outperform” but moved down the price target from $69.00 to $65.00.
The company is so far trading up by 0.53% since yesterday’s close of $57.9. Additionally the company declared a dividend that was paid on Friday the 26th of May 2017. The dividend was $0.250 per share for the quarter or $1.00 on an annualized basis. This dividend amount was represent a yeild of $1.72. The ex-dividend date was Tuesday the 9th of May 2017.
The stock is trading at $58.21 which is marginally under $61.21, the 50 day moving average and just a bit lower than the 200 day moving average of $58.43. The 50 day moving average went down by -4.734% and the 200 day average went down by -0.201%.
Starbucks Corporation currently has a P/E ratio of 28.840 and market capitalization is 84.45B. In the latest earnings report the EPS was $2.02 and is expected 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.
Short traders are more bearish on the company if you evaluate the motion in short interest. The firm saw a rise in short interest of 9.40% between May 31, 2017 and May 15, 2017. Short interest increased 2,020,798 over that timeframe. Days to cover decreased from 3.1 to 3.1 and the percentage of shorted shares was 0.02% on May 15.