Davidson & Garrard Inc. shares its holdings in shares of Starbucks Co., Inc. (NASDAQ: SBUX), the most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,756 shares of the coffee company’s stock after acquiring an additional 2,790 shares during the period. Davidson & Garrard Inc.’s holdings in Starbucks were worth $ 3,639,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC grew its position in Starbucks by 6.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock at $ 116,000 after buying an additional 129 shares during the last quarter. Valley National Advisers Inc. grew its position in Starbucks by 2.8% in the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock value at $ 122,000 after buying an additional 57 shares during the last quarter. Shine Investment Advisory Services Inc. was acquired in the first quarter of 2010 at $ 128,000. Aviance Capital Management LLC was acquired in a new position in Starbucks in the 2nd quarter valued at $ 146,000. Finally, MPS Loria Financial Planners LLC was purchased in the Starbucks position in the 2nd quarter at $ 153,000. Institutional investors and hedge funds 70.67% of the company’s stock.
A number of equities analysts recently weighed in the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $ 70.00 price comparison on Starbucks in a research report on Friday, January 5th. Robert W. Baird lowered their price objective on shares of Starbucks from $ 70.00 to $ 66.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $ 75.00. Credit Suisse Group has lowered its price to $ 54.00 to $ 54.00 and set a “neutral” rating on the stock market research on Friday, November 3rd. Finally, Stephens reiterated an “equal weight” rating and issued a $ 52.00 objective price (down from $ 58.00) on Starbucks in a research report on Friday, September 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, has been given a hold rating, has a high rating and has a strong buy rating of the company’s stock. The company currently has an average rating of “Buy” and an average target price of $ 63.23. Shares of Starbucks Co. ( SBUX ) opened at $ 60.40 on Friday. The company has a market cap of $ 85,940.00, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. Starbucks Co. has a year of $ 52.58 and a 1 year high of $ 64.87. Starbucks (NASDAQ: SBUX) last released its quarterly earnings on Thursday, November 2nd. The coffee company reported $ 0.55 per share for the quarter, hitting the consensus estimate of $ 0.55. The business had revenue of $ 5.70 billion during the quarter, compared to the consensus estimate of $ 5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business’s revenue was down .2% on a year-over-year basis. During the year, the company posted $ 0.56 EPS. sell-side analysts predict that Starbucks Co. will post 2.37 earnings per share for the current fiscal year.
In other news, Director Joshua Cooper Ramo sold 60,000 shares of Starbucks in a transaction on Thursday, December 7th. The stock was sold at an average price of $ 59.43, for a total transaction of $ 3,565,800.00. The transaction was disclosed in the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Craig Weatherup sold 56,666 shares of Starbucks on sale on Monday, November 20th. The stock was sold at an average price of $ 56.73, for a total value of $ 3,214,662.18. Following the transaction, the director now directly owns 56,666 shares of the company’s stock, valued at approximately $ 3,214,662.18. The disclosure for this sale can be found here . Insiders have total of 497,808 shares of company stock valued at $ 28,559,521 in the last ninety days. Corporate insiders own 3.40% of the company’s stock.
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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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