Cambridge Trust Co. Buys 1,456 Shares of Starbucks Co. (SBUX)

Cambridge Trust Co. raised its position in Starbucks Co. (NASDAQ:SBUX) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 100,262 shares of the coffee company’s stock after purchasing an additional 1,456 shares during the period. Cambridge Trust Co.’s holdings in Starbucks were worth $7,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in Starbucks by 5,590.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,679,558 shares of the coffee company’s stock worth $368,000 after buying an additional 23,263,399 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Starbucks by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,579,438 shares of the coffee company’s stock worth $874,515,000 after purchasing an additional 100,049 shares during the period. Norges Bank purchased a new position in shares of Starbucks in the 4th quarter worth about $807,368,000. Legal & General Group Plc raised its holdings in shares of Starbucks by 1.4% in the 4th quarter. Legal & General Group Plc now owns 6,545,000 shares of the coffee company’s stock worth $421,405,000 after purchasing an additional 91,187 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in shares of Starbucks in the 4th quarter worth about $352,796,000. 71.69% of the stock is currently owned by institutional investors.

SBUX has been the subject of a number of recent research reports. BidaskClub lowered Starbucks from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. UBS Group lowered Starbucks from a “buy” rating to a “neutral” rating and increased their target price for the company from $72.00 to $78.00 in a research note on Monday, April 8th. Piper Jaffray Companies increased their target price on Starbucks from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Mizuho set a $75.00 price objective on Starbucks and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Wedbush restated a “hold” rating and set a $70.00 price objective on shares of Starbucks in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.88.

In related news, insider John Culver sold 63,937 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $78.04, for a total value of $4,989,643.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.98% of the company’s stock.

Shares of SBUX traded down $0.42 during mid-day trading on Wednesday, hitting $75.28. The stock had a trading volume of 9,916,440 shares, compared to its average volume of 9,659,463. The firm has a market cap of $92.23 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.13 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73. Starbucks Co. has a fifty-two week low of $47.37 and a fifty-two week high of $79.65.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, sell-side analysts predict that Starbucks Co. will post 2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 9th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, May 8th. Starbucks’s dividend payout ratio (DPR) is 59.50%.

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Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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