Sustainable Growth Advisers LP Purchases 834500 Shares of Starbucks Corporation (SBUX)

Marco Green
September 13, 2017

If the published price targets set by Starbucks Corporation analysts have any power to influence the stock's share price, the highest price target set for SBUX is $75. Among active positions in the latest quarter, 724 holders increased their positions by a total of 86.98 million shares, 614 holders decreased the positions by a total of 56.17 million shares, and 192 holders held their positions. The company has market cap of $924.11 million.

Insider trading over the last 12 months, however, paints a different picture. About 3.98M shares traded.

It is down 12.43% since September 13, 2016 and is uptrending. It has outperformed by 16.77% the S&P500.

Daiwa Securities Group Inc decreased Starbucks (SBUX) stake by 40.56% reported in 2016Q4 SEC filing. Moreover, Systematic Financial Management Lp has 0.72% invested in the company for 2.88 million shares. Jefferies Group LLC reissued an "average" rating and issued a $65.00 price objective on shares of Starbucks Corporation in a research report on Friday, July 28th. The company has a market capitalization of $80.24 billion, a P/E ratio of 28.24 and a beta of 0.79.

In other news, Director Myron E. Ullman III sold 22,966 shares of the firm's stock in a transaction dated Thursday, September 7th. About 170,067 shares traded.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, July 27th. It has underperformed by 4.22% the S&P500. It also increased its holding in Air Prods & Chems Inc (NYSE:APD) by 76,800 shares in the quarter, for a total of 1.17M shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Since May 3, 2017, it had 0 buys, and 5 selling transactions for $10.48 million activity. Meridian Bioscience had 7 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, June 15 by Dougherty & Company. Oppenheimer maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, July 28 with "Buy" rating. Argus Research downgraded the stock to "Hold" rating in Friday, February 10 report. The stock of Hays plc (LON:HAS) earned "Buy" rating by Panmure Gordon on Sunday, October 4. The stock has "Buy" rating by Standpoint Research on Thursday, June 23. This nets out to a decrease of 6.64 million shares and is another bearish sign for SBUX. It improved, as 39 investors sold Hays plc shares while 169 reduced holdings. 30,629 are held by Cap One National Association. Swiss Bankshares owns 93,800 shares.

Looking forward, the company's quarterly earnings are expected to come at $0.84 in the three months through August 2017 and $0.63 in the quarter ending November 2017, reflecting 1.2% and 21.15% growth, respectively. About shares traded. Meridian Bioscience, Inc. Everence Capital reported 0.11% in Hays plc (LON:HAS). M&T Natl Bank Corporation reported 0.21% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). The Virginia-based Thompson Siegel & Walmsley Llc has invested 0.15% in the stock. Confluence Ltd Limited Liability Company holds 0.29% or 216,861 shares in its portfolio. Ny State Teachers Retirement Sys has invested 0.04% in Hays plc (LON:HAS). Ares Mngmt invested in 0.28% or 633,629 shares. Pennsylvania-based Federated Pa has invested 0% in Gogo Inc (NASDAQ:GOGO). Ims accumulated 26,293 shares or 1.56% of the stock. 240,864 are held by Whitebox Advisors Lc. Moreover, Clearbridge Limited has 0.16% invested in PennantPark Investment Corp. On average, analysts anticipate that Starbucks Corporation will post $2.07 EPS for the current year. Therefore 71% are positive. BMO Capital Markets dropped Starbucks Corporation from an "outperform" recommendation to a "market perform" recommendation and raised their PT for the company from $54.52 to $64.00 in a study report on early Wed, Aug 9th. The stock of Starbucks Corporation (NASDAQ:SBUX) earned "Buy" rating by BTIG Research on Friday, July 22. The stock has "Hold" rating by Deutsche Bank on Monday, August 14. As per Tuesday, June 13, the company rating was maintained by RBC Capital Markets. On Monday, July 17 the stock rating was downgraded by Stifel Nicolaus to "Hold". The company was maintained on Wednesday, September 28 by Wedbush. As per Wednesday, September 28, the company rating was maintained by CLSA. The firm has "Hold" rating by Zacks given on Monday, August 24. Fjarde Ap stated it has 0.41% of its portfolio in Starbucks Corporation (NASDAQ:SBUX).

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its up 0.34, from 0.87 in 2016Q3. It is positive, as 59 investors sold SBUX shares while 450 reduced holdings. Regent Investment Management LLC raised its stake in Starbucks Corporation by 6.8% during the 2nd quarter. There were 82 sold out positions, amounting to 13.82 million shares. Bartlett Limited Liability Company reported 10,897 shares. Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma holds 117,574 shares or 0.22% of its portfolio. Sheets Smith Wealth Mgmt reported 0.07% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Zevin Asset Management LLC now owns 61,924 shares of the coffee company's stock worth $3,616,000 after buying an additional 625 shares in the last quarter. Macguire Cheswick And Tuttle Counsel Limited Com holds 2.98% or 260,071 shares. Envestnet Asset Management accumulated 954,731 shares. Adell Harriman And Carpenter Inc owns 143,537 shares. Fjarde Ap owns 317,299 shares or 0.41% of their USA portfolio. Dekabank Deutsche Girozentrale holds 0.27% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 444,890 shares. Lastly, Karp Capital Management boosted its position in Starbucks Corporation by 2,225.0% during the Q1.

Other reports by Click Lancashire

Discuss This Article