1 week Ago By ABMN Staff
Norden Group LLC trimmed its position in Starbucks Co. ( NASDAQ:SBUX – Free Report ) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 7,174 shares of the coffee company’s stock after selling 1,944 shares during the period. Norden Group LLC’s holdings in Starbucks were worth $559,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in SBUX.
Norges Bank purchased a new position in Starbucks during the fourth quarter valued at $1,240,652,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Starbucks during the 1st quarter valued at about $415,167,000. Flossbach Von Storch AG grew its stake in shares of Starbucks by 106.
7% during the 1st quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock valued at $512,943,000 after acquiring an additional 2,897,282 shares during the period. Capital World Investors purchased a new stake in Starbucks in the 1st quarter worth approximately $257,721,000.
Finally, Van ECK Associates Corp raised its stake in Starbucks by 108.1% during the 2nd quarter. Van ECK Associates Corp now owns 4,475,156 shares of the coffee company’s stock worth $348,391,000 after acquiring an additional 2,324,847 shares during the period.
Hedge funds and other institutional investors own 72.29% of the company’s stock. Insider Activity In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th.
The stock was sold at an average price of $94.03, for a total transaction of $305,597.50.
Following the completion of the sale, the chief executive officer now directly owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In related news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.
50. Following the completion of the sale, the chief executive officer now owns 75,054 shares in the company, valued at approximately $7,057,327.62.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, CEO Rachel Ruggeri sold 3,290 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $91.
16, for a total transaction of $299,916.40. Following the completion of the transaction, the chief executive officer now owns 62,502 shares in the company, valued at $5,697,682.
32. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 9,790 shares of company stock valued at $865,514.
1.98% of the stock is currently owned by insiders. Analyst Ratings Changes View Our Latest Stock Report on SBUX Starbucks Price Performance NASDAQ:SBUX opened at $91.
15 on Monday. The firm has a market capitalization of $103.29 billion, a price-to-earnings ratio of 25.
11, a PEG ratio of 2.18 and a beta of 0.96.
The business has a 50 day simple moving average of $82.41 and a 200-day simple moving average of $83.80.
Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $107.
66. Starbucks ( NASDAQ:SBUX – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.
93 EPS for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $9.
11 billion during the quarter, compared to analyst estimates of $9.25 billion. Starbucks had a net margin of 11.
16% and a negative return on equity of 49.38%. Starbucks’s quarterly revenue was down .
6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share.
As a group, analysts expect that Starbucks Co. will post 3.56 earnings per share for the current fiscal year.
Starbucks Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.57 dividend.
This represents a $2.28 annualized dividend and a yield of 2.50%.
The ex-dividend date was Friday, August 16th. Starbucks’s payout ratio is currently 62.81%.
Starbucks Company Profile ( Free Report ) Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
See Also Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Co. ( NASDAQ:SBUX – Free Report ).
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