Starbucks Corporation (SBUX) Shares Bought by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,801 shares of the coffee company’s stock after purchasing an additional 532 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Starbucks Corporation were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Jacobi Capital Management LLC increased its holdings in shares of Starbucks Corporation by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Starbucks Corporation by 2.5% in the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after buying an additional 46 shares during the last quarter. Sharkey Howes & Javer increased its holdings in shares of Starbucks Corporation by 8.5% in the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after buying an additional 150 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Starbucks Corporation by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC bought a new stake in shares of Starbucks Corporation in the 1st quarter worth about $122,000. Institutional investors and hedge funds own 70.82% of the company’s stock.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 18,000 shares of the stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $55.30 per share, with a total value of $995,400.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $995,400. The disclosure for this purchase can be found here. 3.40% of the stock is owned by company insiders.

A number of research firms have recently weighed in on SBUX. Vetr downgraded shares of Starbucks Corporation from a “buy” rating to a “hold” rating and set a $65.15 target price on the stock. in a report on Thursday, May 25th. Mizuho began coverage on shares of Starbucks Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $75.00 target price on the stock. Sanford C. Bernstein restated a “buy” rating and issued a $67.00 target price on shares of Starbucks Corporation in a report on Monday, June 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Starbucks Corporation in a report on Tuesday, June 13th. Finally, Wedbush downgraded shares of Starbucks Corporation from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $61.00 to $65.00 in a report on Wednesday, June 14th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Starbucks Corporation presently has a consensus rating of “Buy” and a consensus target price of $64.64.

Shares of Starbucks Corporation (NASDAQ SBUX) opened at 54.69 on Tuesday. The company’s 50-day moving average is $54.17 and its 200-day moving average is $57.86. The stock has a market cap of $78.97 billion, a PE ratio of 27.61 and a beta of 0.78. Starbucks Corporation has a 52-week low of $50.84 and a 52-week high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company earned $0.49 earnings per share. Starbucks Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that Starbucks Corporation will post $2.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Thursday, August 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, August 8th. Starbucks Corporation’s dividend payout ratio (DPR) is 50.76%.

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Starbucks Corporation Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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Institutional Ownership by Quarter for Starbucks Corporation (NASDAQ:SBUX)

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